319 Altamont RdCovingtonKY41016
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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
Rental property for sale in Covington at 319 Altamont Rd, Covington, KY, 41016 generates $1,200/mo in rent and, after a $685/mo payment, leaves $348/mo in cash flow. Total monthly income is $1,200/mo, and annual cash flow is $4,178/yr on $46,410 invested. Return on cash invested sits at 28.91% in year one, and rental yield is 10.29% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 151.05% and total cumulative return in cash sums $70,102. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,200/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
1,742 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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