Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Covington at 1203 4th St, Covington, IN, 47932 listed at $110,000 pairs $925/mo rent with a $538/mo payment to leave $265/mo cash flow. Total monthly income runs $925/mo, and annual cash flow reaches $3,181/yr on $36,465 cash to close. Return on cash invested measures 28.63% in year one, and rental yield registers 10.09% at a $110,000 basis. Equity gained on principal adds $710/yr, and annual property appreciation at 5% supports $30,391 by year five. Five-year ROI tracks 149.5% and total cumulative return in cash totals $54,516. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $925/mo property income relative to a $538/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
8,712 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 |
|---|---|---|
| 2024-11-08 | Sold | $110,000 |
| 2024-09-17 | Listed for sale | $119,000 |
| 2024-08-23 | Listing removed | $119,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $457.10 | -4.89% | $86,900 | 4.45% |
| 2023-10-24 | $480.58 | 19.83% | $83,200 | 4.65% |
| 2022-10-24 | $401.06 | 12.92% | $79,500 | 12.61% |
Listed by: Pollyanna Chumley • Warren Agency Covington
Mls Name: IRMLS
Mls Provider:
Mls ID: #202409093
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
