801 Washington St, Covington, IN, 47932 | $266/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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801 Washington St, Covington, IN, 47932 | $266/mo Cash Flow | 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 801 Washington St, Covington, IN, 47932 uses $56,024 cash to close to unlock $3,188/yr annual cash flow and $266/mo monthly cash flow. Total monthly income runs $1,280/mo, and a $827/mo payment keeps the spread at $266/mo. Purchase price stands at $169,000, and rental yield measures 9.09% with $1,280/mo rent. Return on cash invested shows 25.6% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 133.14% and total cumulative return in cash records $74,587. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,280/mo property income covering a $827/mo payment rather than investor’s personal income.

Single Family

Built in 1928

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming Move-In Ready Bungalow in Covington, IN! Welcome to this beautifully maintained 2-bedroom, 1.5-bath bungalow located in the heart of Covington, Indiana. Perfectly blending character and comfort, this 1,284 sq ft home sits on a spacious 66 x 66 corner lot, offering a cozy yet open feel both inside and out, on a corner lot. Step inside to find a warm and inviting layout, ideal for everyday living or a weekend retreat. The home features a freshly updated roof (2024), ensuring peace of mind for years to come. With its move-in ready condition, you can settle in and start enjoying your new home from day one. The Breakfast Bar between the Kitchen and Dining Room is not staying and Neither is the TV in the Living Room

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