1197 13th St, Covington, IN, 47932 | $139/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1197 13th St, Covington, IN, 47932 | $139/mo Cash Flow | Ziffy

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 Covington at 1197 13th St, Covington, IN, 47932 earns $139/mo cash flow from $2,240/mo rent with a $1,713/mo payment. Total monthly income totals $2,240/mo, and annual cash flow totals $1,669/yr on $116,025 capital. ROI tracks 21.35% on current figures, and rental yield reads 7.68% at a $350,000 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 over five years. Five-year ROI reaches 110.35% and total cumulative return in cash sums $128,030. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,240/mo property income instead of your personal income.

Single Family

Built in 1998

0.36 Acres lot

$N/A/sqft

No HOA

More details about the property

Do not miss your opportunity to own this stunning, move-in-ready home in Covington! This 4-bedroom, 2.5-bathroom home has so much to offer the next homeowner. As you enter the home, you will be greeted with ample natural lighting pouring through the windows, and hardwood floors installed throughout the main level. The attached 2.5-car garage is insulated and features a polyaspartic floor coating, which has a lifetime warranty and will transfer to the next owner. The garage is also heated and cooled. You can enjoy the back deck, built in 2025, for a great summer barbecue-or cozy up to the gas fireplace in the living room this winter. The tastefully updated kitchen features freshly painted cabinets and stainless steel appliances, which will stay with the home. There is an office on the main level for your convenience. The spacious primary suite features a walk-in closet and a soaking tub. The shingles on the roof were installed in 2018. Most of the carpet upstairs and in the office was installed in 2025. Other updates include fresh paint throughout the home, a newer water softener, and new landscaping. The basement is a great bonus space for additional living space or storage. One of the bedrooms is in the basement and does not have a window. Call your favorite agent today to see this amazing new listing!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47932, Covington, IN area.

Housing Distribution

Housing Statistics

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