403 Eagle DrCovingtonIN47932
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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 Covington at 403 Eagle Dr, Covington, IN, 47932 offers a 7.9% rental yield on a $381,500 purchase with $2,512/mo rent. Total monthly income registers $2,512/mo, and a $1,867/mo payment leaves $222/mo available for distribution. Annual cash flow reaches $2,666/yr on $126,467 to close, and return on cash invested stands at 22.02% in year one. Equity gained on principal adds $2,462/yr while 5% annual appreciation supports $105,401 over five years. Portfolio math shows five-year ROI at 113.93% and total cumulative return in cash at $144,088. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,512/mo property income against a $1,867/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
0.59 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
2,405
Single Family
2,369
Multi-Family
36
Businesses
210
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