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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Covington at 1224 Lemon Tree Ln, Covington, KY, 41011 listed at $314,800 pairs $2,131/mo rent with a $1,541/mo payment. Total monthly income runs $2,131/mo. Return on cash invested measures 19.53% in year one, and rental yield registers 8.12% at a $314,800 basis. Equity gained on principal adds $2,031/yr, and annual property appreciation at 5% supports $86,973 by year five. Five-year ROI tracks 101.7% and total cumulative return in cash totals $106,130. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,131/mo property income relative to a $1,541/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2021
N/A lot
$N/A/sqft
$248 monthly HOA
Neighborhood data shown for ZIP Code: 41011, Covington, KY area.
| 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 |
Residential
13,882
Single Family
10,041
Multi-Family
3,841
Businesses
987
Date | Event | Price |
|---|---|---|
| 2024-10-14 | Listed for sale | $314,800 |
| 2021-12-31 | Sold | $245,902 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: The Cindy Shetterly Team • Keller Williams Realty Services
Mls Name: NKMLS
Mls Provider:
Mls ID: #627276
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of NKMLS. Real estate listings held by IDX Brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Listing information is deemed reliable, but not guaranteed. Copyright 2023 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.
