644 E Maryland St · Evansville, IN 47711

$138,000

4 bd · 2.0 ba · 2,042 sqft · SingleFamily public records · 59 Days on market

Built 1914 4,792 sqft lot Est $120k · 15% 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 +16.1/30.0
• DSCR +5.0/10.0
• Rent growth +4.2/5.0
• 1% rule +3.5/10.0
• Schools +3.3/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• ARV discount +1.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Back on the market due to no fault of seller! Beautiful, well maintained four bedroom, two full bathroom, plus a bonus room home with ample storage! Large lot with driveway for off street parking, covered front and back porches to relax on, a privacy fenced in yard with an air conditioned outbuilding for the perfect workshop! New roof, fresh paint, and new modern light fixtures. There is new subflooring in two of the rooms, allowing you to make it your own with the seller providing a flooring allowance at closing. There is so much storage throughout the home, including attic space and a partial basement. Check out this spacious home ready for a family, or perfect to add to your portfolio!

Key facts

• Fresh paint
• Large lot
• Privacy fenced yard

Tags

• LARGE LOT
• COVERED FRONT AND BACK PORCHES
• PRIVACY FENCED YARD
• AIR CONDITIONED OUTBUILDING
• NEW ROOF
• FRESH PAINT

Property features AI

Exterior

• Parking: Concrete off-street parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence (site-built); Two-story home; Front entry
• Construction: Vinyl siding; Asphalt roof; Partial unfinished basement/crawl space
• Exterior features: Covered porch; Privacy wood fencing; Outbuilding on the property; Level lot

Interior

• Kitchen: Gas water heater
• Bedrooms: Bedrooms located on upper and main levels (bedroom fireplace noted)
• Bathrooms: Two full bathrooms; One bathroom on the main level
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Gas-started fireplace located in a bedroom; Unfinished partial crawl space basement; 6 total rooms
• Laundry & utility: Washer hookup on main level; Electric dryer hookup on main level

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $138k.

Deal economics

• At list price, monthly cash flow is $70 ($835/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 $118k (14.8% below list).
• Recommended offer: $118k (14.8% below list) — sets the bar for 1% rule.
• Cap rate 6.9% 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; 4 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 $954 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($134k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1914 — 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 $117,545 (14.8% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. Built in 1914 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.85% ✗
• Cap rate: 6.90%
• Cash-on-cash: 2.16%
• DSCR: 1.10
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $120,478
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
656 E Oregon St	0.07mi	4/1.0	1,954 (-4%)	4mo	$65,000	$33	82
612 E Columbia St	0.10mi	5/2.0 (+1)	2,034 (-0%)	9mo	$121,000	$59	82
751 E Virginia St	0.29mi	4/2.0	2,084 (+2%)	4mo	$147,000	$71	79
615 E Delaware St	0.17mi	4/1.5	1,757 (-14%)	1mo	$163,000	$93	66
313 Maxwell Ave	0.59mi	4/2.0	1,924 (-6%)	2mo	$120,600	$63	61
41 W Maryland St	0.60mi	3/2.0 (-1)	1,960 (-4%)	3mo	$85,000	$43	58
216 E Delaware St	0.34mi	3/2.0 (-1)	2,184 (+7%)	12mo	$215,000	$98	57
116 E Virginia St	0.46mi	3/1.0 (-1)	1,949 (-5%)	12mo	$60,000	$31	52
1115 N Elliott St	0.22mi	3/1.0 (-1)	1,816 (-11%)	13mo	$99,000	$55	52
19 E Columbia St	0.46mi	4/2.0	1,750 (-14%)	4mo	$115,000	$66	51
655 E Tennessee St	0.30mi	3/1.0 (-1)	1,780 (-13%)	6mo	$32,000	$18	51
1913 N Heidelbach Ave	0.75mi	4/2.0	2,200 (+8%)	4mo	$115,000	$52	49

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: -9.2%
• Equity multiple: 0.65×
• Total profit: $-13,409
• Equity at exit: $20,576

10-year hold

• IRR: 4.3%
• Equity multiple: 1.36×
• Total profit: $14,084
• Equity at exit: $11,932

Cash invested: $38,640 (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: 9.8×

Monthly cashflow live

• Estimated rent: $1,175 medium
• Mortgage (P&I): −$724
• Tax from tax record: −$78 /mo · $934/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$247
• Net cashflow: $70

Break-even live

Break-even rent $1,087

Max offer price $138,000

Occupancy floor 89%

Sensitivity live

Price	-10% $148	-5% $109	+0% $70	+5% $30	+10% $-9
Rent	-10% $-23	-5% $23	+0% $70	+5% $116	+10% $162
Rate	-1.0pp $139	-0.5pp $105	base $70	+0.5pp $34	+1.0pp $-3

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: $34,500
• Closing costs: $4,140
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
121 E Florida St Evansville, IN	4.0	2.0	1702	$100	$0.06	23d	1	0.40mi
27 W Franklin St Evansville, IN	4.0	2.5	2500	$1,100	$0.44	23d	1	0.68mi
1317 Harriet St Evansville, IN	3.0	2.0	2000	$995	$0.50	15d	1	0.84mi
1106 W Illinois St Evansville, IN	5.0	2.0	1892	$3,500	$1.85	23d	1	1.44mi

Listing history 18 events

1. 2026-06-22
   days on market $138,000 Active 59 DOM
2. 2026-06-18
   days on market $138,000 Active 56 DOM
3. 2026-06-17
   days on market $138,000 Active 55 DOM
4. 2026-06-16
   days on market $138,000 Active 54 DOM
5. 2026-06-15
   days on market $138,000 Active 53 DOM
6. 2026-06-14
   days on market $138,000 Active 51 DOM
7. 2026-06-13
   days on market $138,000 Active 50 DOM
8. 2026-06-10
   days on market $138,000 Active 48 DOM
9. 2026-06-09
   days on market $138,000 Active 47 DOM
10. 2026-06-08
    days on market $138,000 Active 46 DOM
11. 2026-06-07
    days on market $138,000 Active 45 DOM
12. 2026-06-02
    days on market $138,000 Active 40 DOM
13. 2026-06-01
    days on market $138,000 Active 39 DOM
14. 2026-05-31
    days on market $138,000 Active 38 DOM
15. 2026-05-30
    days on market $138,000 Active 37 DOM
16. 2026-05-01
    status Active
17. 2026-04-13
    status Pending
18. 2026-04-05
    listed $138,000 Active

ⓘ 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: $934 · $78/mo
• Projected year-2 tax: $1,054 · $88/mo
• Expected delta: +$119/yr (+$10/mo · 12.8%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% 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: $14,105
• − Mortgage interest: −$7,730
• − Property taxes: −$934
• − Insurance: −$690
• − Repairs & maintenance: −$1,128
• − Management: −$1,128
• − Depreciation: −$4,015
• Taxable loss: −$1,521
• Est. tax savings @ 24.0%: +$365
• After-tax cash flow: $1,200/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

3 events — show timeline

• 2026-05-01 Relisted — IRMLS
• 2026-04-13 Pending — IRMLS
• 2026-04-05 Listed $138,000 IRMLS

Property tax history

-3.6%/yr

Latest (2024): $934 · +1.5% YoY. Source: county tax records.