1 Roebling Way UNIT 602CovingtonKY41011
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Investment property for sale in Covington at 1 Roebling Way UNIT 602, Covington, KY, 41011 listed at $519,000 pairs $2,876/mo rent with a $2,540/mo payment. Total monthly income runs $2,876/mo. Return on cash invested measures 18.08% in year one, and rental yield registers 6.65% at a $519,000 basis. Equity gained on principal adds $3,349/yr, and annual property appreciation at 5% supports $143,390 by year five. Five-year ROI tracks 92.85% and total cumulative return in cash totals $158,541. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,876/mo property income relative to a $2,540/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41011, Covington, KY area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
13,882
Single Family
10,041
Multi-Family
3,841
Businesses
987
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices