3405 Lincoln 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 3405 Lincoln Ave, Covington, KY, 41015 uses $44,719 cash to close to unlock $8,019/yr annual cash flow and $668/mo monthly cash flow. Total monthly income runs $1,489/mo, and a $660/mo payment keeps the spread at $668/mo. Purchase price stands at $134,900, and rental yield measures 13.25% with $1,489/mo rent. Return on cash invested shows 37.84% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 198.96% and total cumulative return in cash records $88,973. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,489/mo property income covering a $660/mo payment rather than investor’s personal income.
Single Family
Built in N/A
2,613 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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