319 E 42nd StCovingtonKY41015
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingCapital preservation and steady income define 319 E 42nd St, Covington, KY, 41015 in Covington. Rental yield 6.55%. The 1.21 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $45,586 and $1,520/yr in principal reduction project total return of $55,814.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.6% | 7.2% |
| Monthly Cash Flow | $(104) | $850 |
City averages based on Covington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $900 |
| Total Monthly Debt Service | $939 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1904
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41015, Latonia, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,238 (100%) |
| Owner Occupied HU | 6,078 (65.8%) |
| Renter Occupied HU | 2,475 (26.8%) |
| Vacant Housing Units | 685 ( 7.4%) |
| Median Home Value | $234,273 |
| Average Home Value | $275,408 |
Housing Distribution
Address Breakdown
Residential
9,156
Single Family
8,244
Multi-Family
912
Businesses
406
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
Single Family
Built in 1904
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41015, Latonia, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,238 (100%) |
| Owner Occupied HU | 6,078 (65.8%) |
| Renter Occupied HU | 2,475 (26.8%) |
| Vacant Housing Units | 685 ( 7.4%) |
| Median Home Value | $234,273 |
| Average Home Value | $275,408 |
Housing Distribution
Address Breakdown
Residential
9,156
Single Family
8,244
Multi-Family
912
Businesses
406
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices