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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 Covington at 3317 Watson Ave, Covington, KY, 41015 listed at $129,900 pairs $990/mo rent with a $636/mo payment to leave $199/mo cash flow. Total monthly income runs $990/mo, and annual cash flow reaches $2,390/yr on $43,062 cash to close. Return on cash invested measures 25.46% in year one, and rental yield registers 9.15% at a $129,900 basis. Equity gained on principal adds $838/yr, and annual property appreciation at 5% supports $35,889 by year five. Five-year ROI tracks 132.61% and total cumulative return in cash totals $57,103. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $990/mo property income relative to a $636/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1928
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 41015, Latonia, KY area.
| 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 |
Residential
9,156
Single Family
8,244
Multi-Family
912
Businesses
406
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Linda Mildon • RE/MAX Victory + Affiliates
Mls Name: NKMLS
Mls ID: #638673
