1002 Winding WayCovingtonKY41011
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
Rental property for sale in Covington at 1002 Winding Way, Covington, KY, 41011 priced at $1,175,700 pairs $2,820/mo rent with after a $5,754/mo payment. Total monthly income equals $2,820/mo. Return on cash invested is 6.71% in year one, and rental yield stands at 2.88% on a $1,175,700 basis. Equity gained on principal adds $7,587/yr, and 5% annual appreciation accumulates to $324,824 by year five. Five-year ROI measures 31.84% and total cumulative return in cash reaches $121,298. For financing, Ziffy Mortgage’s DSCR program evaluates $2,820/mo property income against a $5,754/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
0.33 Acres 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
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Nearby investment properties with comparable prices
Listed by: Jody Brosey • Brosey Group LLC
Mls Name: NKMLS
Mls Provider:
Mls ID: #625898
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.