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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 Covington at 34 Waterside Way, Covington, KY, 41017 generates $2,070/mo in rent and, after a $1,125/mo payment, leaves $671/mo in cash flow. Total monthly income is $2,070/mo, and annual cash flow is $8,052/yr on $76,212 invested. Return on cash invested sits at 30.47% in year one, and rental yield is 10.8% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 159.41% and total cumulative return in cash sums $121,487. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,070/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 41017, Ft Mitchell, KY area.
| 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 |
Residential
17,416
Single Family
14,438
Multi-Family
2,978
Businesses
1,241
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: L. Mike Creekmore • Greenleaf Real Estate
Mls Name: NKMLS
Mls ID: #637556
