307 Covington StCrawfordsvilleIN47933
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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
Investment Highlights
Investment property for sale in Crawfordsville at 307 Covington St, Crawfordsville, IN, 47933 uses $45,515 cash to close to unlock $7,573/yr annual cash flow and $631/mo monthly cash flow. Total monthly income runs $1,472/mo, and a $672/mo payment keeps the spread at $631/mo. Purchase price stands at $137,300, and rental yield measures 12.87% with $1,472/mo rent. Return on cash invested shows 36.55% in year one, and 5% annual appreciation builds toward $37,933 over five years. Five-year ROI reaches 192.1% and total cumulative return in cash records $87,435. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,472/mo property income covering a $672/mo payment rather than investor’s personal income.
Single Family
Built in 1900
4,748 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47933, Crawfordsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,504 (100%) |
| Owner Occupied HU | 8,390 (67.1%) |
| Renter Occupied HU | 3,256 (26.0%) |
| Vacant Housing Units | 858 ( 6.9%) |
| Median Home Value | $205,895 |
| Average Home Value | $235,208 |
Housing Distribution
Address Breakdown
Residential
11,876
Single Family
11,241
Multi-Family
635
Businesses
1,018
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