3319 Latonia AveCovingtonKY41015
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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 3319 Latonia Ave, Covington, KY, 41015 offers a 10.47% rental yield on a $139,500 purchase with $1,217/mo rent. Total monthly income registers $1,217/mo, and a $683/mo payment leaves $368/mo available for distribution. Annual cash flow reaches $4,413/yr on $46,244 to close, and return on cash invested stands at 29.45% in year one. Equity gained on principal adds $900/yr while 5% annual appreciation supports $38,541 over five years. Portfolio math shows five-year ROI at 153.92% and total cumulative return in cash at $71,181. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,217/mo property income against a $683/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
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
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Listed by: Steven Popham • Save Direct Realty Inc.
Mls Name: NKMLS
Mls Provider:
Mls ID: #629992
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