211 Lake StLudlowKY41016
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
Investment Highlights
Rental property for sale in Ludlow at 211 Lake St, Ludlow, KY, 41016 priced at $164,900 converts $1,250/mo rent into $246/mo cash flow after a $807/mo obligation. Total monthly income equals $1,250/mo, and annual cash flow totals $2,958/yr on $54,664 invested. Return on cash invested prints 25.32% in year one, and rental yield reads 9.1% against a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation compiles into $45,559 by year five. Five-year ROI reaches 131.76% and total cumulative return in cash sums $72,028. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,250/mo property income covering a $807/mo payment, not borrower’s personal income.
Single Family
Built in N/A
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41016, Covington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,760 (100%) |
| Owner Occupied HU | 1,619 (58.7%) |
| Renter Occupied HU | 863 (31.3%) |
| Vacant Housing Units | 278 (10.1%) |
| Median Home Value | $206,004 |
| Average Home Value | $249,971 |
Housing Distribution
Address Breakdown
Residential
2,605
Single Family
2,549
Multi-Family
56
Businesses
123
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Nearby investment properties with comparable prices
Listed by: The Apex Group • Keller Williams Realty Services
Mls Name: NKMLS
Mls Provider:
Mls ID: #632524
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