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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Covington at 820 Washington St, Covington, IN, 47932 generates $1,136/mo in rent and, after a $680/mo payment, leaves $283/mo in cash flow. Total monthly income is $1,136/mo, and annual cash flow is $3,401/yr on $46,079 invested. Return on cash invested sits at 27.29% in year one, and rental yield is 9.81% on a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 142.44% and total cumulative return in cash sums $65,636. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,136/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47932, Covington, IN area.
| 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 |
Residential
2,405
Single Family
2,369
Multi-Family
36
Businesses
210
Date | Event | Price |
|---|---|---|
| 2024-09-27 | Price change | $139,000 |
| 2024-08-15 | Listed for sale | $149,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $1376.00 | 12.97% | $72,200 | 4.94% |
| 2022-10-15 | $1218.00 | 9.14% | $68,800 | 12.97% |
| 2021-10-15 | $1116.00 | 9.63% | $60,900 | 9.14% |
Listed by: Greg Clingan • GregClingan Auction&RealEstate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202430948
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
