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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% |
Investment property for sale in Covington at 1315 Washington St, Covington, IN, 47932 offers a 4.42% rental yield on a $179,000 purchase with $660/mo rent. 53% in year one. Equity gained on principal adds $1,155/yr while 5% annual appreciation supports $49,454 over five years. Portfolio math shows five-year ROI at 57.68% and total cumulative return in cash at $34,227. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $660/mo property income against a $876/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
7,405 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 |
|---|---|---|
| 2025-04-24 | Listed for sale | $179,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-25 | $82.20 | 1.99% | $116,000 | 2.29% |
| 2023-04-25 | $80.60 | 2.00% | $113,400 | 5.19% |
| 2022-04-25 | $79.02 | 1.99% | $107,800 | 7.80% |
Listed by: Brittany Ferguson • Midwest Homes and Land
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22034619
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-25 08:12:46 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
