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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% |
Rental property for sale in Erlanger at 3377 Fir Tree Ln, Erlanger, KY, 41018 generates $1,650/mo in rent and, after a $1,021/mo payment, leaves $381/mo in cash flow. Total monthly income is $1,650/mo, and annual cash flow is $4,566/yr on $69,118 invested. Return on cash invested sits at 26.52% in year one, and rental yield is 9.5% on a $208,500 entry. Equity gained on principal adds $1,345/yr, while 5% annual appreciation builds toward $57,605 over five years. Five-year ROI reaches 138.17% and total cumulative return in cash sums $95,497. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,650/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 41018, Erlanger, KY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,742 (100%) |
| Owner Occupied HU | 8,170 (64.1%) |
| Renter Occupied HU | 3,849 (30.2%) |
| Vacant Housing Units | 723 ( 5.7%) |
| Median Home Value | $212,771 |
| Average Home Value | $235,431 |
Residential
11,776
Single Family
10,264
Multi-Family
1,512
Businesses
835
Date | Event | Price |
|---|---|---|
| 2024-10-12 | Price change | $208,500 |
| 2024-10-03 | Price change | $215,000 |
| 2024-09-26 | Listed for sale | $225,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2020-10-15 | $1209.13 | N/A | $96,950 | N/A |
| 2019-10-15 | $1209.13 | 2.79% | $96,950 | N/A |
| 2018-10-15 | $1176.35 | 6.16% | $96,950 | N/A |
Listed by: Brian Davis • Copperwood Realty Group LLC
Mls Name: NKMLS
Mls Provider:
Mls ID: #626805
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.
