2502 Elyria CtFort MitchellKY41017
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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 Fort Mitchell at 2502 Elyria Ct, Fort Mitchell, KY, 41017 listed at $237,000 pairs $1,648/mo rent with a $1,160/mo payment to leave $206/mo cash flow. Total monthly income runs $1,648/mo, and annual cash flow reaches $2,467/yr on $78,566 cash to close. Return on cash invested measures 23.05% in year one, and rental yield registers 8.34% at a $237,000 basis. Equity gained on principal adds $1,529/yr, and annual property appreciation at 5% supports $65,479 by year five. Five-year ROI tracks 119.56% and total cumulative return in cash totals $93,932. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,648/mo property income relative to a $1,160/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41017, Ft Mitchell, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,627 (100%) |
| Owner Occupied HU | 12,734 (72.2%) |
| Renter Occupied HU | 4,171 (23.7%) |
| Vacant Housing Units | 722 ( 4.1%) |
| Median Home Value | $345,230 |
| Average Home Value | $386,117 |
Housing Distribution
Address Breakdown
Residential
17,416
Single Family
14,438
Multi-Family
2,978
Businesses
1,241
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Listed by: Cara Chitwood • Keller Williams Realty Services
Mls Name: NKMLS
Mls ID: #637674