603 SE 1st St, Evansville, IN, 47713 | $831/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Evansville at 603 SE 1st St, Evansville, IN, 47713 uses $207,270 cash to close to unlock $9,969/yr annual cash flow and $831/mo monthly cash flow. Total monthly income runs $4,613/mo, and a $3,084/mo payment keeps the spread at $831/mo. Purchase price stands at $630,000, and rental yield measures 8.79% with $4,613/mo rent. Return on cash invested shows 24.87% in year one, and 5% annual appreciation builds toward $174,057 over five years. Five-year ROI reaches 129.17% and total cumulative return in cash records $267,730. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,613/mo property income covering a $3,084/mo payment rather than investor’s personal income.

Single Family

Built in 1889

0.25 Acres lot

$N/A/sqft

No HOA