32 Highland Meadows Cir STE 2Highland HeightsKY41076
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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 Highland Heights at 32 Highland Meadows Cir STE 2, Highland Heights, KY, 41076 offers $1,270/mo rent that, after a $793/mo payment, leaves $284/mo cash flow. Total monthly income is $1,270/mo, and annual cash flow is $3,407/yr on $53,703 cash. Return on cash invested measures 26.25% in year one, and rental yield stands at 9.41% at a $162,000 entry. Equity gained on principal adds $1,045/yr while 5% annual appreciation compounds into $44,758 by year five. Five-year ROI records 136.7% and total cumulative return in cash reaches $73,409. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,270/mo property income versus a $793/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1991
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41076, Newport, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,771 (100%) |
| Owner Occupied HU | 5,539 (71.3%) |
| Renter Occupied HU | 1,911 (24.6%) |
| Vacant Housing Units | 321 ( 4.1%) |
| Median Home Value | $275,264 |
| Average Home Value | $293,103 |
Housing Distribution
Address Breakdown
Residential
7,486
Single Family
5,195
Multi-Family
2,291
Businesses
480
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Listed by: Megan Hosea Abner • Ken Perry Realty
Mls Name: NKMLS
Mls ID: #638659