1537 Eastern AveCovingtonKY41014
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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 1537 Eastern Ave, Covington, KY, 41014 earns $232/mo cash flow from $1,115/mo rent with a $710/mo payment. Total monthly income totals $1,115/mo, and annual cash flow totals $2,787/yr on $48,068 capital. ROI tracks 25.71% on current figures, and rental yield reads 9.23% at a $145,000 purchase. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 over five years. Five-year ROI reaches 133.85% and total cumulative return in cash sums $64,340. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,115/mo property income instead of your personal income.
Single Family
Built in 1926
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41014, Covington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,529 (100%) |
| Owner Occupied HU | 1,520 (43.1%) |
| Renter Occupied HU | 1,578 (44.7%) |
| Vacant Housing Units | 431 (12.2%) |
| Median Home Value | $182,921 |
| Average Home Value | $207,699 |
Housing Distribution
Address Breakdown
Residential
3,217
Single Family
2,952
Multi-Family
265
Businesses
101
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Listed by: Bryson Warner • Huff Realty - Florence
Mls Name: NKMLS
Mls Provider:
Mls ID: #629981
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