215 Oak StLudlowKY41016
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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 Ludlow at 215 Oak St, Ludlow, KY, 41016 with 5% annual appreciation on a $187,500 basis while $1,439/mo rent supports operations. Total monthly income totals $1,439/mo and a $918/mo payment preserves $298/mo for cash returns. Annual cash flow comes to $3,571/yr on $62,156 deployed, and return on cash invested reaches 25.65% in year one. Equity gained on principal adds $1,210/yr, and five-year appreciation sums $51,803 alongside rental yield of 9.21%. Five-year ROI measures 133.51% and total cumulative return in cash totals $82,987.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,439/mo property income versus a $918/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
3,049 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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