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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% |
Rental property for sale in Covington at 15 E 31st St, Covington, KY, 41015 offers $2,188/mo rent that, after a $905/mo payment, leaves $1,063/mo cash flow. Total monthly income is $2,188/mo, and annual cash flow is $12,750/yr on $61,328 cash. Return on cash invested measures 40.7% in year one, and rental yield stands at 14.19% at a $185,000 entry. Equity gained on principal adds $1,194/yr while 5% annual appreciation compounds into $51,112 by year five. Five-year ROI records 214.24% and total cumulative return in cash reaches $131,391. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,188/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 41015, Latonia, KY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,238 (100%) |
| Owner Occupied HU | 6,078 (65.8%) |
| Renter Occupied HU | 2,475 (26.8%) |
| Vacant Housing Units | 685 ( 7.4%) |
| Median Home Value | $234,273 |
| Average Home Value | $275,408 |
Residential
9,156
Single Family
8,244
Multi-Family
912
Businesses
406
Date | Event | Price |
|---|---|---|
| 2025-06-23 | Sold | $185,000 |
| 2025-05-11 | Pending sale | $189,000 |
| 2025-05-05 | Listed for sale | $189,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2021-10-13 | $1459.91 | -26.74% | $95,700 | N/A |
| 2020-10-13 | $1992.77 | N/A | $95,700 | N/A |
| 2019-10-13 | $1992.77 | 28.92% | $95,700 | N/A |
Listed by: The Vories Team • Keller Williams Realty Services
Mls Name: NKMLS
Mls Provider:
Mls ID: #632159
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 2025 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.
