185 Cave Run Dr APT 7, Erlanger, KY, 41018 | $474/mo Cash Flow

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185 Cave Run Dr APT 7, Erlanger, KY, 41018 | $474/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Erlanger at 185 Cave Run Dr APT 7, Erlanger, KY, 41018 listed at $160,000 pairs $1,448/mo rent with a $783/mo payment to leave $474/mo cash flow. Total monthly income runs $1,448/mo, and annual cash flow reaches $5,692/yr on $53,040 cash to close. Return on cash invested measures 30.64% in year one, and rental yield registers 10.86% at a $160,000 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,205 by year five. Five-year ROI tracks 160.32% and total cumulative return in cash totals $85,034. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,448/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1995

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome home to NO STEP peaceful living in Erlanger! This beautifully maintained 2-bedroom, 2-bath condo offers comfort, charm, and convenience with a walk-out balcony overlooking a tranquil naturescape. Step inside to find a welcoming entry foyer with a coat closet, a bright and open living area, and tasteful natural touches throughout. The kitchen flows seamlessly into the dining and living spaces, perfect for everyday living or entertaining. The spacious primary bedroom features an attached ensuite bath and ample closet space, while the second bedroom provides flexibility for guests, an office, or hobbies. A detached 1-car garage and in-unit laundry add everyday convenience, while the prime location offers easy access to shopping, dining, and major highways. This charming condo combines serene living and practicality at an affordable price.

Neighborhood Data

Neighborhood data shown for ZIP Code: 41018, Erlanger, KY area.

Housing Distribution

Housing Statistics

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