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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 556 E 1550 N, Covington, IN, 47932 earns from $660/mo rent with a $1,150/mo payment. Total monthly income totals $660/mo. ROI tracks 8.35% on current figures, and rental yield reads 3.37% at a $235,000 purchase. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 over five years. Five-year ROI reaches 40.63% and total cumulative return in cash sums $31,648. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $660/mo property income instead of your personal income.
Single Family
Built in 1966
3.16 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 |
|---|---|---|
| 2025-03-27 | Listed for sale | $235,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-28 | $377.72 | -18.16% | $170,500 | 23.10% |
| 2023-03-28 | $461.52 | 14.05% | $138,500 | 2.14% |
| 2022-03-28 | $404.68 | 31.60% | $135,600 | 3.99% |
What's Special
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Listed by: Heagen Wickens • Dream Home Realty Group, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22029315
Disclaimer: Based on information submitted to the MLS GRID as of 2025-03-28 08:22:42 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
