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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 2838 Ashland Ave, Covington, KY, 41015 listed at $295,000 pairs $2,183/mo rent with a $1,444/mo payment to leave $387/mo cash flow. Total monthly income runs $2,183/mo, and annual cash flow reaches $4,650/yr on $97,793 cash to close. Return on cash invested measures 24.66% in year one, and rental yield registers 8.88% at a $295,000 basis. Equity gained on principal adds $1,904/yr, and annual property appreciation at 5% supports $81,503 by year five. Five-year ROI tracks 128.21% and total cumulative return in cash totals $125,378. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,183/mo property income relative to a $1,444/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1924
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 41015, Latonia, KY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,238 (100%) |
| Owner Occupied HU | 6,078 (65.8%) |
| Renter Occupied HU | 2,475 (26.8%) |
| Vacant Housing Units | 685 ( 7.4%) |
| Median Home Value | $234,273 |
| Average Home Value | $275,408 |
Residential
9,156
Single Family
8,244
Multi-Family
912
Businesses
406
Date | Event | Price |
|---|---|---|
| 2025-10-03 | Sold | $295,000 |
| 2025-08-31 | Pending sale | $285,000 |
| 2025-08-28 | Listed for sale | $285,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2021-10-26 | $1525.50 | -20.53% | $100,000 | N/A |
| 2020-10-26 | $1919.58 | N/A | $100,000 | N/A |
| 2019-10-26 | $1919.58 | 19.09% | $100,000 | N/A |
What's Special
Storage
Listed by: Rob Feldman • Keller Williams Realty Services
Mls Name: NKMLS
Mls Provider:
Mls ID: #635775
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.
