300 N Ludlow StCovingtonOH45318
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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 300 N Ludlow St, Covington, OH, 45318 earns $483/mo cash flow from $1,667/mo rent with a $881/mo payment. Total monthly income totals $1,667/mo, and annual cash flow totals $5,796/yr on $59,670 capital. ROI tracks 29.62% on current figures, and rental yield reads 11.11% at a $180,000 purchase. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 over five years. Five-year ROI reaches 155.42% and total cumulative return in cash sums $92,741. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,667/mo property income instead of your personal income.
Single Family
Built in 1941
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45318, Covington, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,275 (100%) |
| Owner Occupied HU | 1,646 (72.4%) |
| Renter Occupied HU | 468 (20.6%) |
| Vacant Housing Units | 161 ( 7.1%) |
| Median Home Value | $260,880 |
| Average Home Value | $316,973 |
Housing Distribution
Address Breakdown
Residential
2,169
Single Family
2,169
Multi-Family
0
Businesses
164
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Listed by: Olivia Vest • Howard Hanna Real Estate Services
Mls Name: WRIST
Mls Provider:
Mls ID: #1037673
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.