1103 W Pike St #4, Covington, KY, 41011 | $264/mo Cash Flow

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1103 W Pike St #4, Covington, KY, 41011 | $264/mo Cash Flow | Ziffy

For Sale

Currently Rented

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Covington at 1103 W Pike St #4, Covington, KY, 41011 offers a 8.06% rental yield on a $420,000 purchase with $2,820/mo rent. Total monthly income registers $2,820/mo, and a $2,056/mo payment leaves $264/mo available for distribution. Annual cash flow reaches $3,162/yr on $139,230 to close, and return on cash invested stands at 22.18% in year one. Equity gained on principal adds $2,710/yr while 5% annual appreciation supports $116,038 over five years. Portfolio math shows five-year ROI at 114.9% and total cumulative return in cash at $159,979. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,820/mo property income against a $2,056/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1872

0.25 Acres lot

$N/A/sqft

No HOA

More details about the property

Investment Opportunity in Covington, KY - Four-Unit Multifamily Property Welcome to this 4-unit apartment building located in the heart of Covington, where property values continue to rise. This prime location is close to hospitals, downtown Cincinnati, shopping, dining, and major highwaysmaking it a highly desirable area for renters. Each of the four units is currently leased, meaning from day one after closing you will start generating consistent cash flow. This turnkey investment provides immediate income and the security of long-term rental demand in a growing market. Highlights: 4-unit multifamily property in Covington, KY All units currently rentedinstant income stream Prime location near hospitals, downtown, and amenities Strong rental demand and long-term appreciation potential Ideal for both new and seasoned investors This property combines stability, income, and future appreciationa perfect addition to your real estate portfolio.

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