1109 W Pike St #A, Covington, KY, 41011 | 3.83% Rental Yield

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1109 W Pike St #A, Covington, KY, 41011 | 3.83% Rental Yield | Ziffy

For Sale

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

Rental property for sale in Covington at 1109 W Pike St #A, Covington, KY, 41011 priced at $790,000 converts $2,520/mo rent into after a $3,867/mo obligation. Total monthly income equals $2,520/mo. Return on cash invested prints 9.49% in year one, and rental yield reads 3.83% against a $790,000 entry. Equity gained on principal adds $5,098/yr, while 5% annual appreciation compiles into $218,262 by year five. Five-year ROI reaches 46.83% and total cumulative return in cash sums $121,704. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,520/mo property income covering a $3,867/mo payment, not borrower’s personal income.

Single Family

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Luxury Townhomes Coming Soon to Covington with Incredible City Views! These Custom Luxury Town homes by Award Winning True North Design Build, will feature superior craftsmanship and materials throughout. These Contemporary Townhomes will feature 3 stories, 3 bedrooms, 2 Full and 2 Half baths, 2 car garage, off street parking, 2 kitchens, a full size Kitchen with all the upgrades on the main level, and a rooftop Deck with an indoor Kitchen as well, 9 foot ceilings, Hardwood Floors, Ceramic Tile, an optional Elevator, and so much more. All renderings are for illustration purposes only and not an actual representation as this is a custom build to suit design that varies based on including but not limited to, lot (building site) conditions, actual square footage, finishes, etc. Pricing varies based on current market conditions and is not guaranteed until an accepted contract is in place.

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