1728 Garrard StCovingtonKY41014
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
Investment Highlights
Rental property for sale in Covington at 1728 Garrard St, Covington, KY, 41014 priced at $159,000 converts $1,323/mo rent into $356/mo cash flow after a $778/mo obligation. Total monthly income equals $1,323/mo, and annual cash flow totals $4,266/yr on $52,709 invested. Return on cash invested prints 28% in year one, and rental yield reads 9.98% against a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation compiles into $43,929 by year five. Five-year ROI reaches 146.14% and total cumulative return in cash sums $77,028. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,323/mo property income covering a $778/mo payment, not borrower’s personal income.
Single Family
Built in N/A
3,049 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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Nearby investment properties with comparable prices
Listed by: Gary Rothenbusch • Tri-Star Real Estate
Mls Name: NKMLS
Mls Provider:
Mls ID: #630543
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