








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 214 6th St, Covington, IN, 47932 with 5% annual appreciation on a $251,500 basis while $1,537/mo rent supports operations. Total monthly income totals $1,537/mo and a $1,231/mo payment preserves $27/mo for cash returns. Annual cash flow comes to $327/yr on $83,372 deployed, and return on cash invested reaches 20.3% in year one. Equity gained on principal adds $1,623/yr, and five-year appreciation sums $69,485 alongside rental yield of 7.33%. Five-year ROI measures 104.74% and total cumulative return in cash totals $87,325.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,537/mo property income versus a $1,231/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1918
7,840 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 |
|---|---|---|
| 2024-12-05 | Sold | $251,500 |
| 2024-11-04 | Pending sale | $259,900 |
| 2024-09-13 | Price change | $259,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $1529.86 | 2.63% | $198,000 | 19.93% |
| 2023-10-24 | $1490.68 | 11.41% | $165,100 | 5.70% |
| 2022-10-24 | $1338.00 | 8.87% | $156,200 | 15.11% |



Listed by: Kelli Pinkerton • Legacy Land & Homes of Indiana
Mls Name: IRMLS
Mls Provider:
Mls ID: #202428529
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.