311 W 8th StNewportKY41071
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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
Rental property for sale in Newport at 311 W 8th St, Newport, KY, 41071 priced at $189,000 converts $1,912/mo rent into $762/mo cash flow after a $925/mo obligation. Total monthly income equals $1,912/mo, and annual cash flow totals $9,141/yr on $62,654 invested. Return on cash invested prints 34.5% in year one, and rental yield reads 12.14% against a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation compiles into $52,217 by year five. Five-year ROI reaches 180.95% and total cumulative return in cash sums $113,374. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,912/mo property income covering a $925/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41071, Newport, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,761 (100%) |
| Owner Occupied HU | 4,704 (43.7%) |
| Renter Occupied HU | 4,954 (46.0%) |
| Vacant Housing Units | 1,103 (10.2%) |
| Median Home Value | $260,721 |
| Average Home Value | $296,826 |
Housing Distribution
Address Breakdown
Residential
9,864
Single Family
7,027
Multi-Family
2,837
Businesses
682
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Listed by: Lisa Brandenburg • Huff Realty - Florence
Mls Name: NKMLS
Mls Provider:
Mls ID: #625733
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