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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 14368 N 300 E, Covington, IN, 47932 uses $62,985 cash to close to unlock $3,413/yr annual cash flow and $284/mo monthly cash flow. Total monthly income runs $1,425/mo, and a $930/mo payment keeps the spread at $284/mo. Purchase price stands at $190,000, and rental yield measures 9% with $1,425/mo rent. Return on cash invested shows 25.33% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 131.69% and total cumulative return in cash records $82,944. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,425/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1949
0.33 Acres 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 |
|---|---|---|
| 2025-07-15 | Listed for sale | $190,000 |
| 2021-08-25 | Sold | $155,000 |
| 2021-07-19 | Pending sale | $160,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-16 | $1143.66 | -14.69% | $178,400 | 22.19% |
| 2023-07-16 | $1340.60 | 64.73% | $146,000 | -1.02% |
| 2022-07-16 | $813.80 | 17.75% | $147,500 | 40.08% |
Listed by: Brian Waters • Mentor Listing Realty, Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202527476
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.
