302 Kingsway CtCold SpringKY41076
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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 Cold Spring at 302 Kingsway Ct, Cold Spring, KY, 41076 listed at $187,500 pairs $1,685/mo rent with a $918/mo payment to leave $544/mo cash flow. Total monthly income runs $1,685/mo, and annual cash flow reaches $6,523/yr on $62,156 cash to close. Return on cash invested measures 30.4% in year one, and rental yield registers 10.78% at a $187,500 basis. Equity gained on principal adds $1,210/yr, and annual property appreciation at 5% supports $51,803 by year five. Five-year ROI tracks 159.02% and total cumulative return in cash totals $98,839. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,685/mo property income relative to a $918/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1983
N/A 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 Riegler • RE/MAX Victory + Affiliates
Mls Name: NKMLS
Mls ID: #637471