2043 Garrard StCovingtonKY41014
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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
Investment property for sale in Covington at 2043 Garrard St, Covington, KY, 41014 uses $62,654 cash to close to unlock $4,401/yr annual cash flow and $367/mo monthly cash flow. Total monthly income runs $1,517/mo, and a $925/mo payment keeps the spread at $367/mo. Purchase price stands at $189,000, and rental yield measures 9.63% with $1,517/mo rent. Return on cash invested shows 26.93% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 140.39% and total cumulative return in cash records $87,958. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,517/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in 1904
2,178 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
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