252 Park StCovingtonKY41016
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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 Covington at 252 Park St, Covington, KY, 41016 uses $43,095 cash to close to unlock $2,713/yr annual cash flow and $226/mo monthly cash flow. Total monthly income runs $1,017/mo, and a $636/mo payment keeps the spread at $226/mo. Purchase price stands at $130,000, and rental yield measures 9.39% with $1,017/mo rent. Return on cash invested shows 26.2% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 136.59% and total cumulative return in cash records $58,863. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,017/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1905
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41016, Covington, KY area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
2,605
Single Family
2,549
Multi-Family
56
Businesses
123
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