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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 9877 S 875th Rd W, Covington, IN, 47932 generates $660/mo in rent, after a $1,395/mo payment. Total monthly income is $660/mo. Return on cash invested sits at 6.56% in year one, and rental yield is 2.78% on a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 31.06% and total cumulative return in cash sums $29,346. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $660/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
1.95 Acres 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 |
|---|---|---|
| 2025-06-30 | Sold | $285,000 |
| 2025-06-02 | Contingent | $299,000 |
| 2025-05-12 | Listed for sale | $299,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Lyle Holycross • RE/MAX ULTIMATE
Mls Name: CIBR
Mls Provider:
Mls ID: #6251957
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.
