3 Highland Meadows Dr STE 8Highland HeightsKY41076
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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 Highland Heights at 3 Highland Meadows Dr STE 8, Highland Heights, KY, 41076 offers a 11.69% rental yield on a $173,000 purchase with $1,685/mo rent. Total monthly income registers $1,685/mo, and a $847/mo payment leaves $632/mo available for distribution. Annual cash flow reaches $7,582/yr on $57,350 to close, and return on cash invested stands at 33.13% in year one. Equity gained on principal adds $1,116/yr while 5% annual appreciation supports $47,797 over five years. Portfolio math shows five-year ROI at 173.61% and total cumulative return in cash at $99,567. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,685/mo property income against a $847/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1990
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41076, Newport, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,771 (100%) |
| Owner Occupied HU | 5,539 (71.3%) |
| Renter Occupied HU | 1,911 (24.6%) |
| Vacant Housing Units | 321 ( 4.1%) |
| Median Home Value | $275,264 |
| Average Home Value | $293,103 |
Housing Distribution
Address Breakdown
Residential
7,486
Single Family
5,195
Multi-Family
2,291
Businesses
480
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Listed by: Nicole Rankin • Coldwell Banker Realty FM
Mls Name: NKMLS
Mls ID: #639263