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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 246 Pratt Ln, Covington, IN, 47932 listed at $395,000 pairs $660/mo rent with a $1,933/mo payment. Total monthly income runs $660/mo. Return on cash invested measures 4.23% in year one, and rental yield registers 2.01% at a $395,000 basis. Equity gained on principal adds $2,549/yr, and annual property appreciation at 5% supports $109,131 by year five. Five-year ROI tracks 18.54% and total cumulative return in cash totals $24,282. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $660/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
0.53 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 |
|---|---|---|
| 2025-04-08 | Listed for sale | $395,000 |
| 2022-08-19 | Sold | $364,000 |
| 2022-07-15 | Pending sale | $364,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-10 | $1867.52 | 2754.66% | $273,700 | -5.46% |
| 2023-04-10 | $65.42 | -47.40% | $289,500 | 3659.74% |
| 2022-04-10 | $124.38 | 28.60% | $7,700 | N/A |
Listed by: Jennifer Lane • Keller Williams Indy Metro North
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511879
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.
