1307 Highway AveCovingtonKY41011
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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 Covington at 1307 Highway Ave, Covington, KY, 41011 listed at $224,800 pairs $1,575/mo rent with a $1,100/mo payment to leave $207/mo cash flow. Total monthly income runs $1,575/mo, and annual cash flow reaches $2,485/yr on $74,521 cash to close. Return on cash invested measures 23.24% in year one, and rental yield registers 8.41% at a $224,800 basis. Equity gained on principal adds $1,451/yr, and annual property appreciation at 5% supports $62,108 by year five. Five-year ROI tracks 120.63% and total cumulative return in cash totals $89,898. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,575/mo property income relative to a $1,100/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
4,356 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,882
Single Family
10,041
Multi-Family
3,841
Businesses
987
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