129 Barren River Dr APT 9ErlangerKY41018
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe cash-flow margin at 129 Barren River Dr APT 9, Erlanger, KY, 41018 in Erlanger is narrow, $199/mo net on $1,448/mo rent after the $731/mo debt service, but the property operates at break-even-plus, not a loss. At $162,500 with a 10.7% yield, the long-run equity case via 5% appreciation ($44,896 over five years) and $1,497/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.98 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $91,101.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 6.1% |
| Monthly Cash Flow | $199 | $550 |
City averages based on Erlanger market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,448 |
| Total Monthly Debt Service | $924 |
| DSCR Ratio | 1.57x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1994
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1994
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices