711 Crockett St, Covington, IN, 47932 | 4.98% Rental Yield

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711 Crockett St, Covington, IN, 47932 | 4.98% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Covington at 711 Crockett St, Covington, IN, 47932 listed at $158,900 pairs $660/mo rent with a $778/mo payment. Total monthly income runs $660/mo. Return on cash invested measures 13.21% in year one, and rental yield registers 4.98% at a $158,900 basis. Equity gained on principal adds $1,025/yr, and annual property appreciation at 5% supports $43,901 by year five. Five-year ROI tracks 66.67% and total cumulative return in cash totals $35,116. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $660/mo property income relative to a $778/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1880

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Step into this charming traditional two-story home, full of character and comfort. This inviting property features a cozy living room that leads into the main level primary bedroom, complete with its own half bath-perfect for convenience and privacy. The spacious kitchen offers a large walk-in pantry and a gas stove, ideal for home cooks and family gatherings. Upstairs, you'll find two additional bedrooms and a versatile loft space-great for a home office, playroom, or quiet reading nook. Outside, enjoy a fully fenced yard with a concrete patio for outdoor dining or relaxing evenings under the stars. The detached two-car garage offers ample parking and leads to an additional storage shed-perfect for lawn equipment or extra storage. Located within walking distance to the Covington School Corporation and the city park, this home offers small-town charm with everyday convenience. A perfect place to make new memories in the comfort of your new home.

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