1192 Hands PikeCovingtonKY41017
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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 1192 Hands Pike, Covington, KY, 41017 generates $2,465/mo in rent and, after a $1,591/mo payment, leaves $487/mo in cash flow. Total monthly income is $2,465/mo, and annual cash flow is $5,841/yr on $107,738 invested. Return on cash invested sits at 25.33% in year one, and rental yield is 9.1% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 131.79% and total cumulative return in cash sums $141,985. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,465/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41017, Ft Mitchell, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,627 (100%) |
| Owner Occupied HU | 12,734 (72.2%) |
| Renter Occupied HU | 4,171 (23.7%) |
| Vacant Housing Units | 722 ( 4.1%) |
| Median Home Value | $345,230 |
| Average Home Value | $386,117 |
Housing Distribution
Address Breakdown
Residential
17,416
Single Family
14,438
Multi-Family
2,978
Businesses
1,241
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