234 Misty Cove WayHighland HeightsKY41076
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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 Highland Heights at 234 Misty Cove Way, Highland Heights, KY, 41076 uses $81,483 cash to close to unlock $10,141/yr annual cash flow and $845/mo monthly cash flow. Total monthly income runs $2,735/mo, and a $1,203/mo payment keeps the spread at $845/mo. Purchase price stands at $245,800, and rental yield measures 13.35% with $2,735/mo rent. Return on cash invested shows 32.35% in year one, and 5% annual appreciation builds toward $67,910 over five years. Five-year ROI reaches 171.6% and total cumulative return in cash records $139,823. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,735/mo property income covering a $1,203/mo payment rather than investor’s personal income.
Townhouse
Built in 2000
N/A lot
$N/A/sqft
$394 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41076, Newport, KY area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
7,486
Single Family
5,195
Multi-Family
2,291
Businesses
480
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Listed by: Deborah Boschert-Davidson • Keller Williams Realty Services
Mls Name: NKMLS
Mls Provider:
Mls ID: #633272
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