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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Erlanger at 3140 Riggs Ave, Erlanger, KY, 41018 uses $82,875 cash to close to unlock $6,937/yr annual cash flow and $578/mo monthly cash flow. Total monthly income runs $2,100/mo, and a $1,224/mo payment keeps the spread at $578/mo. Purchase price stands at $250,000, and rental yield measures 10.08% with $2,100/mo rent. Return on cash invested shows 28.28% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 147.66% and total cumulative return in cash records $122,374. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,100/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1960
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 41018, Erlanger, KY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,742 (100%) |
| Owner Occupied HU | 8,170 (64.1%) |
| Renter Occupied HU | 3,849 (30.2%) |
| Vacant Housing Units | 723 ( 5.7%) |
| Median Home Value | $212,771 |
| Average Home Value | $235,431 |
Residential
11,776
Single Family
10,264
Multi-Family
1,512
Businesses
835
Date | Event | Price |
|---|---|---|
| 2025-02-12 | Listed for sale | $250,000 |
| 2025-01-31 | Pending sale | $250,000 |
| 2025-01-20 | Listed for sale | $250,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Lori McClure • Pivot Realty Group
Mls Name: NKMLS
Mls Provider:
Mls ID: #629309
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of NKMLS. Real estate listings held by IDX Brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Listing information is deemed reliable, but not guaranteed. Copyright 2025 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.
