712 Jefferson St, Covington, IN, 47932 | 4.53% Rental Yield

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Price: $300K - 500K

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712 Jefferson St, Covington, IN, 47932 | 4.53% Rental Yield | Ziffy

For Sale

Fix & Flip

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 712 Jefferson St, Covington, IN, 47932 with 5% annual appreciation on a $174,900 basis while $660/mo rent supports operations. 84% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,322 alongside rental yield of 4.53%. Five-year ROI measures 59.4% and total cumulative return in cash totals $34,440. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $660/mo property income versus a $856/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1965

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully remodeled 3 bedroom, 1.5 bath home in the heart of Covington! Step inside to find a brand-new kitchen featuring stainless steel appliances, new cabinets, countertops, and modern flooring throughout. The main level offers two bedrooms, a full and half bath, and a spacious laundry/mud room conveniently located off the rear entry. Upstairs, you'll love the oversized bedroom complete with a huge walk-in closet. This home is move-in ready with major updates already done, including a new HVAC system, water heater, and updated electrical. Outside, you'll notice the new roof, fresh siding, a full covered front porch, and a cozy backyard patio-perfect for relaxing or entertaining. A one-car detached garage adds both convenience and storage. Ideally located in downtown Covington, this fully renovated home is priced to sell!

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