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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% |
Total monthly income runs $660/mo, and a $881/mo payment. Purchase price stands at $180,000, and rental yield measures 4.4% with $660/mo rent. Return on cash invested shows 11.45% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 57.28% and total cumulative return in cash records $34,181. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $660/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1880
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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Priscilla Hetrick • Legacy Land & Homes of Indiana
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22051589
