609 Jefferson StCovingtonIN47932
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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 609 Jefferson St, Covington, IN, 47932 earns $447/mo cash flow from $2,143/mo rent with a $1,383/mo payment. Total monthly income totals $2,143/mo, and annual cash flow totals $5,363/yr on $93,649 capital. ROI tracks 25.64% on current figures, and rental yield reads 9.1% at a $282,500 purchase. Equity gained on principal adds $1,823/yr, and 5% annual appreciation supports $78,050 over five years. Five-year ROI reaches 133.3% and total cumulative return in cash sums $124,838. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,143/mo property income instead of your personal income.
Single Family
Built in 1909
7,405 sqft 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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