1450 Covington BlvdFranklinIN46131
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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
Investment Highlights
Rental property for sale in Franklin at 1450 Covington Blvd, Franklin, IN, 46131 offers $2,771/mo rent that, after a $1,708/mo payment, leaves $630/mo cash flow. Total monthly income is $2,771/mo, and annual cash flow is $7,564/yr on $115,692 cash. Return on cash invested measures 26.45% in year one, and rental yield stands at 9.53% at a $348,995 entry. Equity gained on principal adds $2,252/yr while 5% annual appreciation compounds into $96,421 by year five. Five-year ROI records 137.85% and total cumulative return in cash reaches $159,478. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,771/mo property income versus a $1,708/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.30 Acres lot
$N/A/sqft
$550 annually HOA
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Nearby investment properties with comparable prices
Listed by: Erin Hundley • Compass Indiana, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22001081
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-25 05:33:05 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)