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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Covington at 1014 10th St, Covington, IN, 47932 generates $1,385/mo in rent and, after a $778/mo payment, leaves $431/mo in cash flow. Total monthly income is $1,385/mo, and annual cash flow is $5,169/yr on $52,709 invested. Return on cash invested sits at 29.72% in year one, and rental yield is 10.45% on a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 155.2% and total cumulative return in cash sums $81,804. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,385/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
9,239 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47932, Covington, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,441 (100%) |
| Owner Occupied HU | 1,793 (73.5%) |
| Renter Occupied HU | 480 (19.7%) |
| Vacant Housing Units | 168 ( 6.9%) |
| Median Home Value | $176,518 |
| Average Home Value | $198,095 |
Residential
2,405
Single Family
2,369
Multi-Family
36
Businesses
210
Date | Event | Price |
|---|---|---|
| 2025-06-19 | Listed for sale | $159,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-21 | $573.28 | -4.87% | $96,800 | 5.22% |
| 2023-06-21 | $602.60 | 6.71% | $92,000 | 4.31% |
| 2022-06-21 | $564.72 | 14.96% | $88,200 | 12.21% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
