115 N Wenrick StCovingtonOH45318
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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 Covington at 115 N Wenrick St, Covington, OH, 45318 priced at $244,900 pairs $1,567/mo rent with after a $1,199/mo payment. Total monthly income equals $1,567/mo. Return on cash invested is 19.25% in year one, and rental yield stands at 7.68% on a $244,900 basis. Equity gained on principal adds $1,580/yr, and 5% annual appreciation accumulates to $67,661 by year five. Five-year ROI measures 99.85% and total cumulative return in cash reaches $81,065. For financing, Ziffy Mortgage’s DSCR program evaluates $1,567/mo property income against a $1,199/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1947
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45318, Covington, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,275 (100%) |
| Owner Occupied HU | 1,646 (72.4%) |
| Renter Occupied HU | 468 (20.6%) |
| Vacant Housing Units | 161 ( 7.1%) |
| Median Home Value | $260,880 |
| Average Home Value | $316,973 |
Housing Distribution
Address Breakdown
Residential
2,169
Single Family
2,169
Multi-Family
0
Businesses
164
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