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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% |
Rental property for sale in Florence at 27 Rio Grande Cir APT 2, Florence, KY, 41042 priced at $185,000 pairs $1,824/mo rent with $384/mo cash flow after a $905/mo payment. Total monthly income equals $1,824/mo, and annual cash flow comes to $4,602/yr on $61,328 invested. Return on cash invested is 27.41% in year one, and rental yield stands at 11.83% on a $185,000 basis. Equity gained on principal adds $1,194/yr, and 5% annual appreciation accumulates to $51,112 by year five. Five-year ROI measures 145.21% and total cumulative return in cash reaches $89,055. For financing, Ziffy Mortgage’s DSCR program evaluates $1,824/mo property income against a $905/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1990
435.60 sqft lot
$N/A/sqft
$315 monthly HOA
Neighborhood data shown for ZIP Code: 41042, Florence, KY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,664 (100%) |
| Owner Occupied HU | 13,975 (59.1%) |
| Renter Occupied HU | 8,544 (36.1%) |
| Vacant Housing Units | 1,145 ( 4.8%) |
| Median Home Value | $243,210 |
| Average Home Value | $262,135 |
Residential
22,976
Single Family
16,237
Multi-Family
6,739
Businesses
2,027
Date | Event | Price |
|---|---|---|
| 2024-12-30 | Listed for sale | $185,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2020-02-20 | $509.03 | N/A | $75,000 | 20.97% |
| 2019-02-20 | $509.03 | 37.76% | $62,000 | N/A |
| 2018-02-20 | $369.51 | 56.44% | $62,000 | N/A |
Listed by: John Cochran • Hand in Hand Realty
Mls Name: NKMLS
Mls Provider:
Mls ID: #628867
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.
