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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 Covington at 251 W 8th St, Covington, KY, 41011 listed at $500,000 pairs $2,011/mo rent with a $2,447/mo payment. Total monthly income runs $2,011/mo. Return on cash invested measures 12.44% in year one, and rental yield registers 4.83% at a $500,000 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,141 by year five. Five-year ROI tracks 62.67% and total cumulative return in cash totals $103,868. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,011/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in N/A
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 41011, Covington, KY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,644 (100%) |
| Owner Occupied HU | 5,731 (36.6%) |
| Renter Occupied HU | 8,164 (52.2%) |
| Vacant Housing Units | 1,749 (11.2%) |
| Median Home Value | $310,490 |
| Average Home Value | $348,671 |
Residential
13,882
Single Family
10,041
Multi-Family
3,841
Businesses
987
Date | Event | Price |
|---|---|---|
| 2025-07-03 | Sold | $500,000 |
| 2025-06-05 | Pending sale | $515,000 |
| 2025-06-02 | Listed for sale | $515,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2021-10-10 | $2608.61 | -19.22% | $171,000 | N/A |
| 2020-10-10 | $3229.23 | N/A | $171,000 | N/A |
| 2019-10-10 | $3229.23 | 61.78% | $171,000 | 36.80% |
Listed by: Annie Venerable • Pivot Realty Group
Mls Name: NKMLS
Mls Provider:
Mls ID: #633019
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.
