2318 Joyce AveNewportKY41071
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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
Rental property for sale in Newport at 2318 Joyce Ave, Newport, KY, 41071 generates $1,693/mo in rent and, after a $1,199/mo payment, leaves $202/mo in cash flow. Total monthly income is $1,693/mo, and annual cash flow is $2,424/yr on $81,218 invested. Return on cash invested sits at 22.89% in year one, and rental yield is 8.29% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 118.78% and total cumulative return in cash sums $96,468. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,693/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41071, Newport, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,761 (100%) |
| Owner Occupied HU | 4,704 (43.7%) |
| Renter Occupied HU | 4,954 (46.0%) |
| Vacant Housing Units | 1,103 (10.2%) |
| Median Home Value | $260,721 |
| Average Home Value | $296,826 |
Housing Distribution
Address Breakdown
Residential
9,864
Single Family
7,027
Multi-Family
2,837
Businesses
682
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Listed by: Lauren Wessel • Keller Williams Advisors
Mls Name: NKMLS
Mls Provider:
Mls ID: #638634
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