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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 Ludlow at 18 Butler St, Ludlow, KY, 41016 priced at $339,000 converts $2,100/mo rent into $37/mo cash flow after a $1,659/mo obligation. Total monthly income equals $2,100/mo, and annual cash flow totals $444/yr on $112,379 invested. Return on cash invested prints 20.3% in year one, and rental yield reads 7.43% against a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation compiles into $93,659 by year five. Five-year ROI reaches 104.87% and total cumulative return in cash sums $117,856. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,100/mo property income covering a $1,659/mo payment, not borrower’s personal income.
Single Family
Built in N/A
3,750 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 41016, Covington, KY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,760 (100%) |
| Owner Occupied HU | 1,619 (58.7%) |
| Renter Occupied HU | 863 (31.3%) |
| Vacant Housing Units | 278 (10.1%) |
| Median Home Value | $206,004 |
| Average Home Value | $249,971 |
Residential
2,605
Single Family
2,549
Multi-Family
56
Businesses
123
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Daniel Collins • Keller Williams Advisors
Mls Name: NKMLS
Mls ID: #634103
