199 E Park StCovingtonOH45318
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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
Rental property for sale in Covington at 199 E Park St, Covington, OH, 45318 priced at $310,000 pairs $2,405/mo rent with $366/mo cash flow after a $1,517/mo payment. Total monthly income equals $2,405/mo, and annual cash flow comes to $4,394/yr on $102,765 invested. Return on cash invested is 24.18% in year one, and rental yield stands at 9.31% on a $310,000 basis. Equity gained on principal adds $2,000/yr, and 5% annual appreciation accumulates to $85,647 by year five. Five-year ROI measures 126.31% and total cumulative return in cash reaches $129,799. For financing, Ziffy Mortgage’s DSCR program evaluates $2,405/mo property income against a $1,517/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45318, Covington, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,275 (100%) |
| Owner Occupied HU | 1,646 (72.4%) |
| Renter Occupied HU | 468 (20.6%) |
| Vacant Housing Units | 161 ( 7.1%) |
| Median Home Value | $260,880 |
| Average Home Value | $316,973 |
Housing Distribution
Address Breakdown
Residential
2,169
Single Family
2,169
Multi-Family
0
Businesses
164
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Listed by: Christina Blosser • Choice Properties Real Estate
Mls Name: WRIST
Mls Provider:
Mls ID: #1034603
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