16 Meadow Ln Suite 7Highland HeightsKY41076
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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 Highland Heights at 16 Meadow Ln Suite 7, Highland Heights, KY, 41076 with 5% annual appreciation on a $175,000 basis while $1,685/mo rent supports operations. Total monthly income totals $1,685/mo and a $857/mo payment preserves $619/mo for cash returns. Annual cash flow comes to $7,434/yr on $58,013 deployed, and return on cash invested reaches 32.72% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 11.55%. Five-year ROI measures 171.47% and total cumulative return in cash totals $99,475.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,685/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1994
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41076, Newport, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,771 (100%) |
| Owner Occupied HU | 5,539 (71.3%) |
| Renter Occupied HU | 1,911 (24.6%) |
| Vacant Housing Units | 321 ( 4.1%) |
| Median Home Value | $275,264 |
| Average Home Value | $293,103 |
Housing Distribution
Address Breakdown
Residential
7,486
Single Family
5,195
Multi-Family
2,291
Businesses
480
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Listed by: Libby Cento • eXp Realty, LLC
Mls Name: NKMLS
Mls ID: #639454