2532 W Grubb Ln, Covington, IN, 47932 | 2.18% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

2532 W Grubb Ln, Covington, IN, 47932 | 2.18% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
1 Bath
1800 sft

749 S River Rd, Covington, IN, 47932

2 Bed
1 Bath
1320 sft

314 Liberty St, Covington, IN, 47932

5 Bed
4 Bath
3200 sft

1391 S River Rd, Covington, IN, 47932

3 Bed
2 Bath
2592 sft

556 E 1550 N, Covington, IN, 47932

Nearby investment properties with comparable prices

3 Bed
1 Bath
1800 sft

749 S River Rd, Covington, IN, 47932

4 Bed
4 Bath
4472 sft

3401 N 75 W, Cayuga, IN, 47928

3 Bed
2 Bath
2007 sft

101 Red Oak Ln, Covington, IN, 47932

3 Bed
3 Bath
2190 sft

20643-1200 North Rd, Danville, IL, 61834

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Covington at 2532 W Grubb Ln, Covington, IN, 47932 offers a 2.18% rental yield on a $364,000 purchase with $660/mo rent. 74% in year one. Equity gained on principal adds $2,349/yr while 5% annual appreciation supports $100,566 over five years. Portfolio math shows five-year ROI at 21.26% and total cumulative return in cash at $25,649. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $660/mo property income against a $1,782/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

1.94 Acres lot

$N/A/sqft

No HOA

More details about the property

The single-family residence at 2532 W Grubb LN, COVINGTON, IN offers an exciting opportunity to establish roots in Fountain County! Built in 2025, this new construction property will be completed around Dec 2025- Jan. 2026. It's an open concept floor plan in Oak Ridge Subdivision situated on 1.9 acres with wooded trees in the back of the property. With 2007 square feet of living area, the layout provides ample space for comfortable living. The residence includes three bedrooms, offering private retreats for rest and rejuvenation. Imagine waking each morning in your personal sanctuary, ready to embrace the day ahead. The property features two full bathrooms and one-half bathroom, providing convenience and comfort for residents and guests alike. The home will feature vinyl plank flooring throughout the home and carpeting in the bedrooms. This one-story home combines modern construction with everyday practicality with an attached 3 car garage and a covered patio to entertain! The home is located just south of Covington in a rural subdivision with no HOA or covenants and conveniently located by I-74.

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