621 9th 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
Rental property for sale in Covington at 621 9th St, Covington, IN, 47932 priced at $240,900 pairs $1,643/mo rent with $125/mo cash flow after a $1,179/mo payment. Total monthly income equals $1,643/mo, and annual cash flow comes to $1,497/yr on $79,858 invested. Return on cash invested is 21.78% in year one, and rental yield stands at 8.18% on a $240,900 basis. Equity gained on principal adds $1,554/yr, and 5% annual appreciation accumulates to $66,556 by year five. Five-year ROI measures 113.06% and total cumulative return in cash reaches $90,285. For financing, Ziffy Mortgage’s DSCR program evaluates $1,643/mo property income against a $1,179/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
9,505 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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