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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 Florence at 20 Rio Grande Cir APT 7, Florence, KY, 41042 offers $1,264/mo rent that, after a $808/mo payment, leaves $259/mo cash flow. Total monthly income is $1,264/mo, and annual cash flow is $3,112/yr on $54,698 cash. Return on cash invested measures 25.6% in year one, and rental yield stands at 9.19% at a $165,000 entry. Equity gained on principal adds $1,065/yr while 5% annual appreciation compounds into $45,586 by year five. Five-year ROI records 133.26% and total cumulative return in cash reaches $72,887. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,264/mo property income versus a $808/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1991
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 41042, Florence, KY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,664 (100%) |
| Owner Occupied HU | 13,975 (59.1%) |
| Renter Occupied HU | 8,544 (36.1%) |
| Vacant Housing Units | 1,145 ( 4.8%) |
| Median Home Value | $243,210 |
| Average Home Value | $262,135 |
Residential
22,976
Single Family
16,237
Multi-Family
6,739
Businesses
2,027
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: Blue Line Property Group • Keller Williams Realty Services
Mls Name: NKMLS
Mls ID: #634553
