128 E 5th St UNIT 4, Covington, KY, 41011 | $180/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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128 E 5th St UNIT 4, Covington, KY, 41011 | $180/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Covington at 128 E 5th St UNIT 4, Covington, KY, 41011 uses $115,992 cash to close to unlock $2,160/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $2,310/mo, and a $1,713/mo payment keeps the spread at $180/mo. Purchase price stands at $349,900, and rental yield measures 7.92% with $2,310/mo rent. Return on cash invested shows 21.77% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 112.74% and total cumulative return in cash records $130,770. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,310/mo property income covering a $1,713/mo payment rather than investor’s personal income.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Gorgeous 2-bedroom, 2-full bath condo in the heart of historic Covington with a beautiful covered balcony; It feels like Europe! The location is outstanding; the condo is amazing. This home is bright, updated, meticulously maintained, and incredibly charming. It offers a welcoming entry, large dining room or office, a family room that walks out to the balcony and is open to the kitchen with an in-unit washer and dryer. Both full baths have been recently updated. Additional features include: high ceilings, beautiful moldings, arched doorways, abundant windows with lots of natural light, fireplace, high-end, wide plank laminate flooring throughout, french doors, storage space in LL (6.5 ft x 5 ft), deeded parking space next to building and low HOA fees. It is only minutes to walk to DT Cincy or enjoy all the amenities & restaurants surrounding you in Covington. This is an outstanding opportunity with new Covington development such as the Covington Central Riverfront Project happening right down the street.

Neighborhood Data

Neighborhood data shown for ZIP Code: 41011, Covington, KY area.

Housing Distribution

Housing Statistics

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