Why Evansville?
Evansville is the largest city in Southern Indiana, has a very stable manufacturing workforce, below average unemployment, advantageous price-to-rent ratios, and strong real estate fundamentals! It is the industrial, retail, agricultural, and transportation center of the Indiana-Illinois-Kentucky Tri-State Region and thousands of new jobs are expected over the next year! That, combined with a lower than average cost of living that incentivizes people to move and stay in Evansville, creates a solid pool of qualified, long-term tenants. (Source: Indiana Business Review).
Property Highlights
- Fully-Renovated Single Family Rental Homes
- Tenants and Local Property Management In Place
- Majority Owner-Occupied Neighborhoods
- $150,000 Average Purchase Price
- 7% Average Cap Rate
Market Highlights
- The Industrial, Retail, Agricultural, and Transportation Center of the Tri-State Region
- Below Averag Unemployment Rate (Source: BLS.gov).
- Thousands of New Jobs Announced (Source: Indiana Business Review)
- Strong Manufacturing Workforce and Stable Pool of Qualiifed Tenants