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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 109 Winding Way UNIT C, Covington, KY, 41011 priced at $175,000 pairs $2,131/mo rent with $729/mo cash flow after a $857/mo payment. Total monthly income equals $2,131/mo, and annual cash flow comes to $8,754/yr on $58,013 invested. Return on cash invested is 35% in year one, and rental yield stands at 14.61% on a $175,000 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,349 by year five. Five-year ROI measures 186.2% and total cumulative return in cash reaches $108,019. For financing, Ziffy Mortgage’s DSCR program evaluates $2,131/mo property income against a $857/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1975
N/A lot
$N/A/sqft
$336 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 |
|---|---|---|
| 2024-07-17 | Listed for sale | $175,000 |
| 2021-02-04 | Sold | $140,000 |
| 2020-12-22 | Pending sale | $140,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2020-09-14 | $1675.04 | N/A | $110,000 | N/A |
| 2019-09-14 | $1675.04 | 29.05% | $110,000 | N/A |
| 2018-09-14 | $1298.00 | N/A | $110,000 | 11.90% |
Listed by: Deron Schell • Huff Realty - Florence
Mls Name: NKMLS
Mls Provider:
Mls ID: #624684
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.
