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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 Erlanger at 175 Cave Run Dr APT 5, Erlanger, KY, 41018 priced at $164,900 converts $1,822/mo rent into $583/mo cash flow after a $807/mo obligation. Total monthly income equals $1,822/mo, and annual cash flow totals $7,002/yr on $54,664 invested. Return on cash invested prints 32.72% in year one, and rental yield reads 13.26% against a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation compiles into $45,559 by year five. Five-year ROI reaches 173.32% and total cumulative return in cash sums $94,744. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,822/mo property income covering a $807/mo payment, not borrower’s personal income.
Condo
Built in 1993
1,050 sqft lot
$N/A/sqft
$235 monthly HOA
Neighborhood data shown for ZIP Code: 41018, Erlanger, KY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,742 (100%) |
| Owner Occupied HU | 8,170 (64.1%) |
| Renter Occupied HU | 3,849 (30.2%) |
| Vacant Housing Units | 723 ( 5.7%) |
| Median Home Value | $212,771 |
| Average Home Value | $235,431 |
Residential
11,776
Single Family
10,264
Multi-Family
1,512
Businesses
835
Date | Event | Price |
|---|---|---|
| 2024-09-24 | Listed for sale | $164,900 |
| 2012-12-01 | Listing removed | $49,000 |
| 2012-11-01 | Price change | $49,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2020-10-15 | $870.42 | N/A | $45,000 | N/A |
| 2019-10-15 | $870.42 | 0.46% | $45,000 | N/A |
| 2018-10-15 | $866.47 | N/A | $45,000 | N/A |
Listed by: Derek Eisenberg • Continental Real Estate Group, Inc.
Mls Name: NY State MLS
Mls ID: #11346587
