2062 Covey DrDanvilleIN46122
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Danville at 2062 Covey Dr, Danville, IN, 46122 generates $2,309/mo in rent and, after a $1,557/mo payment, leaves $399/mo in cash flow. Total monthly income is $2,309/mo, and annual cash flow is $4,792/yr on $105,483 invested. Return on cash invested sits at 24.45% in year one, and rental yield is 8.71% on a $318,200 entry. Equity gained on principal adds $2,053/yr, while 5% annual appreciation builds toward $87,913 over five years. Five-year ROI reaches 126.98% and total cumulative return in cash sums $133,946. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,309/mo property income rather than buyer’s personal income.
Multi Family
Built in 2023
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46122, Danville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,372 (100%) |
| Owner Occupied HU | 5,687 (77.1%) |
| Renter Occupied HU | 1,515 (20.6%) |
| Vacant Housing Units | 170 ( 2.3%) |
| Median Home Value | $320,534 |
| Average Home Value | $354,582 |
Housing Distribution
Address Breakdown
Residential
7,196
Single Family
6,860
Multi-Family
336
Businesses
448
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