2028 Russell StCovingtonKY41014
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 2028 Russell St, Covington, KY, 41014 in Covington deserves attention. This $113,000 property earns $2,453/mo in rent, a 26.05% gross yield, and nets $1,765/mo after the $508/mo payment. DSCR 4.83 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $31,220 compounds alongside $1,041/yr in yearly equity build, for a total cumulative return of $156,446.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 26.1% | 7.2% |
| Monthly Cash Flow | $1,765 | $850 |
City averages based on Covington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,453 |
| Total Monthly Debt Service | $643 |
| DSCR Ratio | 3.82x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41014, Covington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,529 (100%) |
| Owner Occupied HU | 1,520 (43.1%) |
| Renter Occupied HU | 1,578 (44.7%) |
| Vacant Housing Units | 431 (12.2%) |
| Median Home Value | $182,921 |
| Average Home Value | $207,699 |
Housing Distribution
Address Breakdown
Residential
3,217
Single Family
2,952
Multi-Family
265
Businesses
101
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in N/A
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41014, Covington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,529 (100%) |
| Owner Occupied HU | 1,520 (43.1%) |
| Renter Occupied HU | 1,578 (44.7%) |
| Vacant Housing Units | 431 (12.2%) |
| Median Home Value | $182,921 |
| Average Home Value | $207,699 |
Housing Distribution
Address Breakdown
Residential
3,217
Single Family
2,952
Multi-Family
265
Businesses
101
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rebecca Weber • Comey & Shepherd REALTORS
Mls Name: NKMLS
Mls Provider:
Mls ID: #635130
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of NKMLS. Real estate listings held by IDX Brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Listing information is deemed reliable, but not guaranteed. Copyright 2025 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.