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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 Ludlow at 233 Oak St, Ludlow, KY, 41016 offers a 11.76% rental yield on a $245,000 purchase with $2,400/mo rent. Total monthly income registers $2,400/mo, and a $1,199/mo payment leaves $909/mo available for distribution. Annual cash flow reaches $10,908/yr on $81,218 to close, and return on cash invested stands at 33.34% in year one. Equity gained on principal adds $1,581/yr while 5% annual appreciation supports $67,689 over five years. Portfolio math shows five-year ROI at 174.79% and total cumulative return in cash at $141,960. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,400/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 41016, Covington, KY area.
| 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 |
Residential
2,605
Single Family
2,549
Multi-Family
56
Businesses
123
Date | Event | Price |
|---|---|---|
| 2025-02-14 | Price change | $245,000 |
| 2025-01-22 | Listed for sale | $249,000 |
| 2024-10-28 | Sold | $42,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2020-02-20 | $1042.58 | N/A | $68,400 | N/A |
| 2019-02-20 | $1042.58 | 3.10% | $68,400 | N/A |
| 2018-02-20 | $1011.27 | N/A | $68,400 | N/A |
Listed by: The Cindy Shetterly Team • Keller Williams Realty Services
Mls Name: NKMLS
Mls Provider:
Mls ID: #629368
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.
