627 Covert Ave, Evansville, IN, 47713 | $316/mo Cash Flow

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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

Rental property for sale in Evansville at 627 Covert Ave, Evansville, IN, 47713 priced at $149,000 converts $1,210/mo rent into $316/mo cash flow after a $729/mo obligation. Total monthly income equals $1,210/mo, and annual cash flow totals $3,790/yr on $49,394 invested. Return on cash invested prints 27.58% in year one, and rental yield reads 9.74% against a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation compiles into $41,166 by year five. Five-year ROI reaches 143.76% and total cumulative return in cash sums $71,008. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,210/mo property income covering a $729/mo payment, not borrower’s personal income.

Multi Family

Built in 1929

4,617 sqft lot

$N/A/sqft

No HOA