337 Byrd StCovingtonKY41011
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
Investment Highlights
Rental property for sale in Covington at 337 Byrd St, Covington, KY, 41011 priced at $257,900 converts $2,220/mo rent into $651/mo cash flow after a $1,262/mo obligation. Total monthly income equals $2,220/mo, and annual cash flow totals $7,808/yr on $85,494 invested. Return on cash invested prints 29.04% in year one, and rental yield reads 10.33% against a $257,900 entry. Equity gained on principal adds $1,664/yr, while 5% annual appreciation compiles into $71,253 by year five. Five-year ROI reaches 151.7% and total cumulative return in cash sums $129,690. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,220/mo property income covering a $1,262/mo payment, not borrower’s personal income.
Single Family
Built in 1904
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41011, Covington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,644 (100%) |
| Owner Occupied HU | 5,731 (36.6%) |
| Renter Occupied HU | 8,164 (52.2%) |
| Vacant Housing Units | 1,749 (11.2%) |
| Median Home Value | $310,490 |
| Average Home Value | $348,671 |
Housing Distribution
Address Breakdown
Residential
13,882
Single Family
10,041
Multi-Family
3,841
Businesses
987
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Listed by: Jarret Iseral • Re/Max United Associates
Mls Name: NKMLS
Mls Provider:
Mls ID: #627161
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.