1147 Waterworks RdFort ThomasKY41071
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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
Investment property for sale in Fort Thomas at 1147 Waterworks Rd, Fort Thomas, KY, 41071 uses $62,654 cash to close to unlock $11,853/yr annual cash flow and $988/mo monthly cash flow. Total monthly income runs $2,138/mo, and a $925/mo payment keeps the spread at $988/mo. Purchase price stands at $189,000, and rental yield measures 13.57% with $2,138/mo rent. Return on cash invested shows 38.83% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 204.15% and total cumulative return in cash records $127,906. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,138/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in 1950
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41071, Newport, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,761 (100%) |
| Owner Occupied HU | 4,704 (43.7%) |
| Renter Occupied HU | 4,954 (46.0%) |
| Vacant Housing Units | 1,103 (10.2%) |
| Median Home Value | $260,721 |
| Average Home Value | $296,826 |
Housing Distribution
Address Breakdown
Residential
9,864
Single Family
7,027
Multi-Family
2,837
Businesses
682
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Listed by: Adrean Henson • KW Seven Hills Realty
Mls Name: NKMLS
Mls Provider:
Mls ID: #636833
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