305 Montclair AveCovingtonKY41016
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 305 Montclair Ave, Covington, KY, 41016 offers a 8.54% rental yield on a $189,900 purchase with $1,352/mo rent. Total monthly income registers $1,352/mo, and a $929/mo payment leaves $197/mo available for distribution. Annual cash flow reaches $2,360/yr on $62,952 to close, and return on cash invested stands at 23.66% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 122.81% and total cumulative return in cash at $77,309. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,352/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41016, Covington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,760 (100%) |
| Owner Occupied HU | 1,619 (58.7%) |
| Renter Occupied HU | 863 (31.3%) |
| Vacant Housing Units | 278 (10.1%) |
| Median Home Value | $206,004 |
| Average Home Value | $249,971 |
Housing Distribution
Address Breakdown
Residential
2,605
Single Family
2,549
Multi-Family
56
Businesses
123
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Nearby investment properties with comparable prices
Listed by: William Santiago • Haven Homes Group
Mls Name: NKMLS
Mls Provider:
Mls ID: #633714
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