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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 2782 W State Road 32, Covington, IN, 47932 earns from $943/mo rent with a $881/mo payment. Total monthly income totals $943/mo. ROI tracks 17.14% on current figures, and rental yield reads 6.29% at a $180,000 purchase. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 over five years. Five-year ROI reaches 87.81% and total cumulative return in cash sums $52,397. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $943/mo property income instead of your personal income.
Single Family
Built in 1950
1.26 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 |
|---|---|---|
| 2025-05-27 | Listed for sale | $180,000 |
| 2022-12-16 | Sold | $132,000 |
| 2022-11-24 | Pending sale | $160,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-28 | $534.92 | 4.23% | $131,300 | 7.62% |
| 2023-05-28 | $513.20 | -62.23% | $122,000 | 7.87% |
| 2022-05-28 | $1358.58 | 222.05% | $113,100 | 17.81% |
Listed by: Loren Rockhill • C&C Home Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519623
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.
