616 Covert AveEvansvilleIN47713
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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 Evansville at 616 Covert Ave, Evansville, IN, 47713 priced at $115,250 pairs $923/mo rent with $231/mo cash flow after a $564/mo payment. Total monthly income equals $923/mo, and annual cash flow comes to $2,775/yr on $38,205 invested. Return on cash invested is 27.17% in year one, and rental yield stands at 9.61% on a $115,250 basis. Equity gained on principal adds $744/yr, and 5% annual appreciation accumulates to $31,841 by year five. Five-year ROI measures 141.63% and total cumulative return in cash reaches $54,112. For financing, Ziffy Mortgage’s DSCR program evaluates $923/mo property income against a $564/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1924
6,534 sqft lot
$N/A/sqft
No HOA
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Listed by: Jonathan R Baker • BAKER AUCTION & REALTY
Mls Name: IRMLS
Mls ID: #202535624