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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% |
Investment property for sale in Newport at 207 S Watchtower Dr APT 203, Newport, KY, 41076 listed at $187,000 pairs $2,024/mo rent with a $915/mo payment to leave $614/mo cash flow. Total monthly income runs $2,024/mo, and annual cash flow reaches $7,370/yr on $61,991 cash to close. Return on cash invested measures 31.8% in year one, and rental yield registers 12.99% at a $187,000 basis. Equity gained on principal adds $1,207/yr, and annual property appreciation at 5% supports $51,665 by year five. Five-year ROI tracks 168.44% and total cumulative return in cash totals $104,418. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,024/mo property income relative to a $915/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1996
8,712 sqft lot
$N/A/sqft
$272 monthly HOA
Neighborhood data shown for ZIP Code: 41076, Newport, KY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,771 (100%) |
| Owner Occupied HU | 5,539 (71.3%) |
| Renter Occupied HU | 1,911 (24.6%) |
| Vacant Housing Units | 321 ( 4.1%) |
| Median Home Value | $275,264 |
| Average Home Value | $293,103 |
Residential
7,486
Single Family
5,195
Multi-Family
2,291
Businesses
480
Date | Event | Price |
|---|---|---|
| 2025-07-03 | Sold | $187,000 |
| 2025-06-01 | Pending sale | $198,900 |
| 2025-05-20 | Price change | $198,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
What's Special
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Listed by: Patricia Stull • e-Merge Real Estate Victory
Mls Name: NKMLS
Mls Provider:
Mls ID: #632071
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.
