749 S River Rd, Covington, IN, 47932 | 2.2% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

749 S River Rd, Covington, IN, 47932 | 2.2% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
2286 sft

14380 N 300 E, Covington, IN, 47932

4 Bed
2 Bath
2612 sft

312 N State St, Westville, IL, 61883

4 Bed
2 Bath
2740 sft

216 S Scott St, Westville, IL, 61883

2 Bed
1 Bath
1000 sft

401 Jules St, Westville, IL, 61883

Nearby investment properties with comparable prices

4 Bed
4 Bath
4472 sft

3401 N 75 W, Cayuga, IN, 47928

3 Bed
3 Bath
2190 sft

20643-1200 North Rd, Danville, IL, 61834

Airbnb Potential+ 1 more

3 Bed
2 Bath
2085 sft

14526 N 915 East Rd, Fairmount, IL, 61841

5 Bed
3 Bath
2320 sft

908 S Division St, Cayuga, IN, 47928

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

Explore more listings using simple english

Investment Highlights

Total monthly income runs $660/mo, and a $1,762/mo payment. Purchase price stands at $359,900, and rental yield measures 2.2% with $660/mo rent. Return on cash invested shows 4.81% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 21.68% and total cumulative return in cash records $25,862. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $660/mo property income covering a $1,762/mo payment rather than investor’s personal income.

Single Family

Built in 1929

3.18 Acres lot

$N/A/sqft

No HOA

More details about the property

Let's enjoy the peaceful setting of this country oasis! This 1800 sq. ft. farmhouse boasts character and charm with original woodwork and unique characteristics. The home is situated on 3.81 acres! This property is located just outside of Covington and has a peaceful country setting. Upon driving down the drive you find a captivating 2 story farmhouse with a detached oversized garage. The home has stunning original hardwood flooring throughout most of the home and gorgeous arch details in the doorways. Upon entering the front door, you find a cozy living room with a wood burning fireplace. Off of the living room is a nice space that could be used as a sunroom, surrounded by windows and natural light or an office space! The kitchen has been updated and with painted cabinetry, an updated backsplash and countertops. Off of the kitchen is a formal dining room that is surrounded by windows. Upstairs you find 3 bedrooms with hardwood flooring and one full bathroom. The property also features a barn that has possibilities for livestock or horses! This is a must see and is move in ready!

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