211 6th St, Covington, IN, 47932 | 4.28% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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211 6th St, Covington, IN, 47932 | 4.28% Rental Yield | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $660/mo, and a $905/mo payment. Purchase price stands at $185,000, and rental yield measures 4.28% with $660/mo rent. Return on cash invested shows 11.1% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 55.36% and total cumulative return in cash records $33,951. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $660/mo property income covering a $905/mo payment rather than investor’s personal income.

Single Family

Built in 1894

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

This charming two story tradional style home is a must see! It's full of character and charm with gorgeous original woodwork throughout the home. Upon entering you find a lovely front porch where you can sit and sip your morning coffee. As you enter the foyer, there is a great room with a beautiful oak-stained wood gas fireplace and built in shelving and vinyl plank flooring. The wide doorways have beautiful, stained woodwork and tall entrances. Off of the great room is a formal dining space has original hardwood flooring, with tall ceilings that looks into the living room with three windows to let in the natural light. The kitchen features tile flooring and white cabinetry with stainless steel appliances. Upstairs are all three bedrooms with carpeting and a full bathroom. The back yard is fully fenced with a privacy fence and a large space to play or entertain. The home is situated close to downtown and close to amenities.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47932, Covington, IN area.

Housing Distribution

Housing Statistics

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