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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% |
Rental property for sale in Franklin at 1517 Covington Blvd, Franklin, IN, 46131 priced at $379,995 converts $2,184/mo rent into after a $1,860/mo obligation. Total monthly income equals $2,184/mo. Return on cash invested prints 18.55% in year one, and rental yield reads 6.9% against a $379,995 entry. Equity gained on principal adds $2,452/yr, while 5% annual appreciation compiles into $104,986 by year five. Five-year ROI reaches 95.48% and total cumulative return in cash sums $120,275. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,184/mo property income covering a $1,860/mo payment, not borrower’s personal income.
Single Family
Built in 2025
10,454 sqft lot
$N/A/sqft
$550 annually HOA
Date | Event | Price |
|---|---|---|
| 2025-03-14 | Listed for sale | $379,995 |
| 2025-03-12 | Listing removed | $419,995 |
| 2025-03-11 | Price change | $419,995 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
What's Special
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Listed by: Erin Hundley • Compass Indiana, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22026483
Disclaimer: Based on information submitted to the MLS GRID as of 2025-03-14 07:23:18 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)
