36 1/2 W 28th StLatoniaKY41015
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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 Latonia at 36 1/2 W 28th St, Latonia, KY, 41015 uses $39,780 cash to close to unlock $25,560/yr annual cash flow and $2,130/mo monthly cash flow. Total monthly income runs $2,860/mo, and a $587/mo payment keeps the spread at $2,130/mo. Purchase price stands at $120,000, and rental yield measures 28.6% with $2,860/mo rent. Return on cash invested shows 84.16% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 447.26% and total cumulative return in cash records $177,919. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,860/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A 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: John Harrison • Affordable Realty Services, LLC
Mls Name: NKMLS
Mls Provider:
Mls ID: #624582
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.