14 E Florida St · Evansville, IN 47711

$125,000

3 bd · 2.0 ba · 880 sqft · SingleFamily public records · 6 Days on market

Built 1925 4,129 sqft lot Est $118k · 6% over

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.6/30.0
• DSCR +4.8/10.0
• ARV discount +4.8/15.0
• Rent growth +4.2/5.0
• Schools +3.3/10.0
• Livability +3.2/5.0
• 1% rule +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This cute freshly painted home has two bedrooms on the main floor, with an updated bath and newer kitchen with newer appliances. Hardwood floors in bedrooms and hall. Windows have been replaced. New basement window going in ASAP. Basement contains the laundry room, partial kitchen for game day, and a room with closet and full bath that was used as a bedroom, has no egress. Basement has B Dry system in place, and back flow preventer in place. Back yard is fully fenced, and has a nice roomy deck with stairs to lower level. Off street parking in back with concrete pad. Really nice and priced to sell quickly! Just off the new main street! Lots of storage.

Key facts

• Real hardwood floors
• Soaring ceilings
• Updated kitchen

Tags

• REAL HARDWOOD FLOORS
• SOARING CEILINGS
• UPDATED KITCHEN
• STAINLESS STEEL APPLIANCES
• TILE FLOORING
• SPA-INSPIRED MAIN BATH

Property features AI

Exterior

• Parking: Concrete parking surface
• Utilities: Public water; Public sewer
• Home design: Single-family site-built home; One story
• Construction: Aluminum siding
• Exterior features: Covered porch; Wood privacy fence (fully fenced); Asphalt shingle roof; Shed on the property; Level lot; Lot dimensions approximately 39 x 129

Interior

• Kitchen: Disposal; Dishwasher; Refrigerator; Electric Range
• Flooring: Hardwood floors; Tile floors
• Bathrooms: Two full bathrooms; One main-level bathroom
• Heating & cooling: Central air conditioning; Natural gas forced-air heating
• Interior features: Blinds on windows; Disposal, Dishwasher, Refrigerator, Electric Range; One fireplace
• Laundry & utility: Electric dryer hookup; Laundry on lower level; Full basement that is partially finished with a sump pump

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $52 ($618/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $100k (20.1% below list).
• Recommended offer: $100k (20.1% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.6% in Evansville — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 63/100 on livability (#416 in IN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, commute F, employment D-.
• Evansville Vanderburgh School Corporation (urban): math 36% / reading 43% proficiency, ranked #153 of 301 in IN (top 51%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Delaware Elementary School (math 22% / reading 16%, grade F, #829 of 994 statewide, top 84%, 338 students, 90% FRL); North Junior High School (math 44% / reading 57%, grade C, #43 of 330 statewide, top 14%, 929 students, 42% FRL); North High School (math 57% / reading 74%, grade B, #29 of 369 statewide, top 8%, 1,674 students, 35% FRL).
• Market conditions: Rents rising fast (+6.7%/yr); 234 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 508 units permitted in Vanderburgh County in 2024 (32 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 11y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $48k; list at $125k implies a 162% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $99,857 (20.1% below list)

Questions for the listing agent

1. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.80% ✗
• Cap rate: 6.79%
• Cash-on-cash: 1.77%
• DSCR: 1.08
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $117,920
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
638 E Missouri St	0.46mi	3/1.0	840 (-4%)	3mo	$25,500	$30	64
311 E Oregon St	0.28mi	2/1.0 (-1)	950 (+8%)	5mo	$17,000	$18	60
619 Keck Ave	0.62mi	2/1.0 (-1)	848 (-4%)	0mo	$152,000	$179	56
516 Wedeking Ave	0.68mi	2/1.5 (-1)	896 (+2%)	7mo	$120,000	$134	53
916 Edgar St	0.57mi	2/1.0 (-1)	832 (-6%)	4mo	$27,000	$32	52
220 Wedeking Ave	0.59mi	2/1.0 (-1)	907 (+3%)	8mo	$135,000	$149	52
1108 Garvin St	0.35mi	2/1.0 (-1)	976 (+11%)	8mo	$110,000	$113	50
404 Wedeking Ave	0.62mi	2/1.0 (-1)	931 (+6%)	5mo	$170,000	$183	48
812 N Garvin St	0.44mi	2/1.0 (-1)	978 (+11%)	6mo	$64,900	$66	47
318 W Florida St	0.34mi	2/1.0 (-1)	756 (-14%)	6mo	$101,000	$134	46
424 Richardt Ave	0.70mi	2/1.0 (-1)	816 (-7%)	0mo	$123,000	$151	46
717 E Iowa St	0.67mi	2/1.0 (-1)	768 (-13%)	7mo	$31,700	$41	32

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 6.72% rent growth · sell at horizon

5-year hold

• IRR: -10.0%
• Equity multiple: 0.62×
• Total profit: $-13,160
• Equity at exit: $18,638

10-year hold

• IRR: 3.3%
• Equity multiple: 1.28×
• Total profit: $9,689
• Equity at exit: $10,808

Cash invested: $35,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Indiana: 90 Strongly Landlord-Friendly · R+11
• County: — inherits STATE
• City: — inherits STATE

10-day pay-or-quit; landlord-favorable; preempted.

Methodology + full state rankings →

ZIP-level market 47711

• Home prices YoY: -32.3%
• Rents YoY: 6.7%
• Active inventory: 234
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $999 high
• Mortgage (P&I): −$656
• Tax from tax record: −$30 /mo · $357/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$210
• Net cashflow: $52

Break-even live

Break-even rent $933

Max offer price $125,000

Occupancy floor 90%

Sensitivity live

Price	-10% $122	-5% $87	+0% $52	+5% $16	+10% $-19
Rent	-10% $-27	-5% $12	+0% $52	+5% $91	+10% $130
Rate	-1.0pp $114	-0.5pp $83	base $52	+0.5pp $19	+1.0pp $-14

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
32 W Tennessee St Evansville, IN	2.0	1.0	864	$925	$1.07	15d	1	0.13mi
610 N Main St Evansville, IN	2.0	1.0	751	$675	$0.90	23d	1	0.46mi
200 N Main St Evansville, IN	2.0	1.0–2.0	857	$1,599	$1.86	15d	7	0.70mi
41 W Division St Apt 200 Evansville, IN	2.0	2.0	1083	$1,500	$1.39	23d	1	0.86mi
2501 N Evans Ave Unit A Evansville, IN	2.0	1.0	856	$900	$1.05	23d	1	1.01mi
706 Court St Evansville, IN	2.0	1.5	1100	$850	$0.77	23d	1	1.03mi
1306 W Missouri St Evansville, IN	2.0	1.0	800	$950	$1.19	15d	1	1.12mi
400 NW 5th St Unit 4 Evansville, IN	2.0	1.0	792	$725	$0.92	23d	1	1.13mi
1219 Joan Ave Unit 1219 Evansville, IN	2.0	1.0	725	$845	$1.17	15d	1	1.31mi
304 S Grand Ave Evansville, IN	2.0	1.0	967	$955	$0.99	23d	1	1.33mi
1111 Stanley Ave Evansville, IN	2.0	1.0	670	$1,000	$1.49	23d	1	1.35mi
329 Main St Evansville, IN	1.0–2.0	1.0–2.0	717	$1,505	$2.10	15d	1	1.37mi
507 S Evans Ave Evansville, IN	2.0	1.0	750	$795	$1.06	23d	1	1.39mi
702 Fairway Dr Evansville, IN	1.0–2.0	1.0	800	$640	$0.80	23d	2	1.47mi
1303 E Indiana St Evansville, IN	2.0	1.0	975	$1,195	$1.23	15d	1	1.48mi
1008 Allens Ln Evansville, IN	2.0	1.0	1081	$750	$0.69	23d	1	1.49mi

Listing history 5 events

1. 2026-05-21
   listed $125,000 Active
2. 2018-04-20
   soldstatus $47,800 660-char remark

   Show marketing remark (660 chars)

   This cute freshly painted home has two bedrooms on the main floor, with an updated bath and newer kitchen with newer appliances. Hardwood floors in bedrooms and hall. Windows have been replaced. New basement window going in ASAP. Basement contains the laundry room, partial kitchen for game day, and a room with closet and full bath that was used as a bedroom, has no egress. Basement has B Dry system in place, and back flow preventer in place. Back yard is fully fenced, and has a nice roomy deck with stairs to lower level. Off street parking in back with concrete pad. Really nice and priced to sell quickly! Just off the new main street! Lots of storage.

3. 2018-03-16
   listed $49,900 660-char remark

   Show marketing remark (660 chars)

   This cute freshly painted home has two bedrooms on the main floor, with an updated bath and newer kitchen with newer appliances. Hardwood floors in bedrooms and hall. Windows have been replaced. New basement window going in ASAP. Basement contains the laundry room, partial kitchen for game day, and a room with closet and full bath that was used as a bedroom, has no egress. Basement has B Dry system in place, and back flow preventer in place. Back yard is fully fenced, and has a nice roomy deck with stairs to lower level. Off street parking in back with concrete pad. Really nice and priced to sell quickly! Just off the new main street! Lots of storage.

4. 2015-07-23
   soldstatus $35,500 1281-char remark

   Show marketing remark (1281 chars)

   Well maintained home in move in condition. Large covered front porch over looks fenced front yard. The Living room features a ceiling fan and 1 mirrored wall. The Dining room also includes a ceiling fan and a pass thru to the Kitchen. The updated fully applianced Kitchen is highlighted with beautiful white cabinets, 2 with glass fronts, appliance garage, a pull out trash drawer, recessed lights and ceramic tile floor. The front Bedroom features hardwood floors and the 2nd Bedroom is carpeted. The full bath has been updated with a large step-in shower, vanity, toilet, light fixtures and ceramic tile floor. Pull down stairs to attic storage is accessible from the hall. The basement includes a Rec room with a built in sink with cabinets and counter space which could be used for a 2nd Kitchen area. There is also another large room ideal for a media or hobby room plus there is a full bath and a laundry area. Step out the back door to a huge deck, ideal for entertaining or relaxing. Privacy fenced back yard with several perennials. Plenty of storage in the yard barn and the 1 car garage. Champion replacement windows. Includes 2-10 1 yr. Home Buyers Warranty. List of updates in the home. This home is located close to the bus line, N. Main St. shopping and Garvin Park.

5. 2015-04-23
   listed $39,900 1281-char remark

   Show marketing remark (1281 chars)

   Well maintained home in move in condition. Large covered front porch over looks fenced front yard. The Living room features a ceiling fan and 1 mirrored wall. The Dining room also includes a ceiling fan and a pass thru to the Kitchen. The updated fully applianced Kitchen is highlighted with beautiful white cabinets, 2 with glass fronts, appliance garage, a pull out trash drawer, recessed lights and ceramic tile floor. The front Bedroom features hardwood floors and the 2nd Bedroom is carpeted. The full bath has been updated with a large step-in shower, vanity, toilet, light fixtures and ceramic tile floor. Pull down stairs to attic storage is accessible from the hall. The basement includes a Rec room with a built in sink with cabinets and counter space which could be used for a 2nd Kitchen area. There is also another large room ideal for a media or hobby room plus there is a full bath and a laundry area. Step out the back door to a huge deck, ideal for entertaining or relaxing. Privacy fenced back yard with several perennials. Plenty of storage in the yard barn and the 1 car garage. Champion replacement windows. Includes 2-10 1 yr. Home Buyers Warranty. List of updates in the home. This home is located close to the bus line, N. Main St. shopping and Garvin Park.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IN · Partial reset (capped growth)

• Current annual tax: $357 · $30/mo
• Projected year-2 tax: $710 · $59/mo
• Expected delta: +$353/yr (+$29/mo · 98.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,983
• − Mortgage interest: −$7,002
• − Property taxes: −$357
• − Insurance: −$625
• − Repairs & maintenance: −$959
• − Management: −$959
• − Depreciation: −$3,636
• Taxable loss: −$1,555
• Est. tax savings @ 24.0%: +$373
• After-tax cash flow: $991/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Evansville Vanderburgh School Corporation
• NCES district ID: 1803450
• Math proficiency: 36% ▼ -7.00%
• Reading proficiency: 43% ▼ -3.00%
• Median HH income: $43,270
• Composite: 33.41/100
• National rank: #5471
• State rank: #153 of 301 in IN

Livability — Evansville

• Score: 63/100
• State rank: #416
• US rank: #15047

Category grades

Amenities C Commute F Cost of living A+ Crime F Employment D- Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Evansville, IN
• County: Vanderburgh County · 146,793 people
• City population: 146,793
• Metro: Evansville, IN-KY
• Population (ZIP): 30,944
• Household income: $66,320
• Rent vs Own: 24.4% rent · 75.6% own
• Severe rent burden: 659.0

Population outlook (Vanderburgh County) Hauer SSP2

• Today (2025): 187,038 people
• By 2030: 188,907 · +1.0%
• By 2040: 190,272 · +1.7%
• By 2050: 188,871 · +1.0%
• By 2075: 180,751 · -3.4%
• By 2100: 163,015 · -12.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Black 8% Two or more races 5% Hispanic / Latino 2%
• Common ancestry: Lithuanian 2% Romanian 2% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Vanderburgh

• 2024 margin: R (+12.7) · D 43.0% · R 55.6% · Other 1.4%
• 2008→2024 swing: -15.1pp toward R · 2008: 2.5pp · 2024: -12.7pp
• All cycles: 2024: R+12.7 2020: R+9.6 2016: R+16.9 2012: R+10.8 2008: D+2.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -97.98%
• Current HPI: 205.62
• Rent YoY: ▲ 6.72%
• Metro: Evansville, IN-KY
• State GDP YoY: ▲ 2.90%
• F500 in state: 18

Industry mix (Fortune 500 HQ in IN)

Industry	F500 HQs	Revenue
▸Industrial Machinery	2	$37B
▸Healthcare	1	$177B
▸Pharmaceuticals	1	$45B
▸Metals / Steel	1	$18B
▸Agriculture	1	$17B
▸Packaging	1	$12B

Price history

+213.3% since first listed

5 events — show timeline

• 2026-05-21 Listed $125,000 IRMLS
• 2018-04-20 Sold (MLS) $47,800 IRMLS
• 2018-03-16 Listed $49,900 IRMLS
• 2015-07-23 Sold (MLS) $35,500 IRMLS
• 2015-04-23 Listed $39,900 IRMLS

Property tax history

-12.3%/yr

Latest (2024): $357 · -6.2% YoY. Source: county tax records.