125 Springlake Dr APT 3ErlangerKY41018
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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 Erlanger at 125 Springlake Dr APT 3, Erlanger, KY, 41018 uses $49,725 cash to close to unlock $3,039/yr annual cash flow and $253/mo monthly cash flow. Total monthly income runs $1,166/mo, and a $734/mo payment keeps the spread at $253/mo. Purchase price stands at $150,000, and rental yield measures 9.33% with $1,166/mo rent. Return on cash invested shows 26.02% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 135.57% and total cumulative return in cash records $67,410. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,166/mo property income covering a $734/mo payment rather than investor’s personal income.
Condo
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41018, Erlanger, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,742 (100%) |
| Owner Occupied HU | 8,170 (64.1%) |
| Renter Occupied HU | 3,849 (30.2%) |
| Vacant Housing Units | 723 ( 5.7%) |
| Median Home Value | $212,771 |
| Average Home Value | $235,431 |
Housing Distribution
Address Breakdown
Residential
11,776
Single Family
10,264
Multi-Family
1,512
Businesses
835
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