114 Wessex PlFort ThomasKY41075
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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
Investment Highlights
Rental property for sale in Fort Thomas at 114 Wessex Pl, Fort Thomas, KY, 41075 offers $2,413/mo rent that, after a $1,395/mo payment, leaves $278/mo cash flow. Total monthly income is $2,413/mo, and annual cash flow is $3,340/yr on $94,478 cash. Return on cash invested measures 23.44% in year one, and rental yield stands at 10.16% at a $285,000 entry. Equity gained on principal adds $1,839/yr while 5% annual appreciation compounds into $78,740 by year five. Five-year ROI records 123.53% and total cumulative return in cash reaches $116,706. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,413/mo property income versus a $1,395/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1990
1,742 sqft lot
$N/A/sqft
$400 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41075, Fort Thomas, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,269 (100%) |
| Owner Occupied HU | 4,850 (66.7%) |
| Renter Occupied HU | 2,032 (28.0%) |
| Vacant Housing Units | 387 ( 5.3%) |
| Median Home Value | $335,138 |
| Average Home Value | $397,308 |
Housing Distribution
Address Breakdown
Residential
7,121
Single Family
5,723
Multi-Family
1,398
Businesses
346
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Listed by: The Cindy Shetterly Team • Keller Williams Realty Services
Mls Name: NKMLS
Mls Provider:
Mls ID: #635761
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