326A Volterra Ln #326ACovingtonKY41017
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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
Investment property for sale in Covington at 326A Volterra Ln #326A, Covington, KY, 41017 uses $105,686 cash to close to unlock $2,857/yr annual cash flow and $238/mo monthly cash flow. Total monthly income runs $2,434/mo, and a $1,560/mo payment keeps the spread at $238/mo. Purchase price stands at $318,810, and rental yield measures 9.16% with $2,434/mo rent. Return on cash invested shows 22.61% in year one, and 5% annual appreciation builds toward $88,081 over five years. Five-year ROI reaches 118.29% and total cumulative return in cash records $125,017. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,434/mo property income covering a $1,560/mo payment rather than investor’s personal income.
Multi Family
Built in 2024
5,227 sqft lot
$N/A/sqft
$256 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41017, Ft Mitchell, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,627 (100%) |
| Owner Occupied HU | 12,734 (72.2%) |
| Renter Occupied HU | 4,171 (23.7%) |
| Vacant Housing Units | 722 ( 4.1%) |
| Median Home Value | $345,230 |
| Average Home Value | $386,117 |
Housing Distribution
Address Breakdown
Residential
17,416
Single Family
14,438
Multi-Family
2,978
Businesses
1,241
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Listed by: Al Hencheck • HMS Real Estate
Mls Name: NKMLS
Mls Provider:
Mls ID: #623656
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 2023 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.