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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 1 Roebling Way UNIT 306, Covington, KY, 41011 offers $2,131/mo rent that, after a $2,247/mo payment. Total monthly income is $2,131/mo. Return on cash invested measures 2.39% in year one, and rental yield stands at 5.57% at a $459,000 entry. Equity gained on principal adds $2,962/yr while 5% annual appreciation compounds into $126,813 by year five. Five-year ROI records 13.26% and total cumulative return in cash reaches $20,183. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,131/mo property income versus a $2,247/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2008
N/A lot
$N/A/sqft
$1,558 monthly HOA
Neighborhood data shown for ZIP Code: 41011, Covington, KY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,644 (100%) |
| Owner Occupied HU | 5,731 (36.6%) |
| Renter Occupied HU | 8,164 (52.2%) |
| Vacant Housing Units | 1,749 (11.2%) |
| Median Home Value | $310,490 |
| Average Home Value | $348,671 |
Residential
13,882
Single Family
10,041
Multi-Family
3,841
Businesses
987
Date | Event | Price |
|---|---|---|
| 2024-09-04 | Price change | $459,000 |
| 2024-08-21 | Listed for rent | $3,700 |
| 2024-07-10 | Price change | $499,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2020-10-15 | $75.00 | N/A | $290,000 | N/A |
| 2019-10-15 | $75.00 | N/A | $290,000 | N/A |
| 2018-10-15 | $75.00 | N/A | $290,000 | N/A |
Listed by: Lee Robinson • Robinson Sotheby's International Realty
Mls Name: NKMLS
Mls Provider:
Mls ID: #622990
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of NKMLS. Real estate listings held by IDX Brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Listing information is deemed reliable, but not guaranteed. Copyright 2023 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.
