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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% |
Investment property for sale in Florence at 36 Rio Grande Cir APT 1, Florence, KY, 41042 listed at $152,500 pairs $1,179/mo rent with a $746/mo payment. Total monthly income runs $1,179/mo. Return on cash invested measures 19.27% in year one, and rental yield registers 9.28% at a $152,500 basis. Equity gained on principal adds $984/yr, and annual property appreciation at 5% supports $42,133 by year five. Five-year ROI tracks 101.76% and total cumulative return in cash totals $51,443. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,179/mo property income relative to a $746/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1992
871.20 sqft lot
$N/A/sqft
$278 monthly HOA
Neighborhood data shown for ZIP Code: 41042, Florence, KY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,664 (100%) |
| Owner Occupied HU | 13,975 (59.1%) |
| Renter Occupied HU | 8,544 (36.1%) |
| Vacant Housing Units | 1,145 ( 4.8%) |
| Median Home Value | $243,210 |
| Average Home Value | $262,135 |
Residential
22,976
Single Family
16,237
Multi-Family
6,739
Businesses
2,027
Date | Event | Price |
|---|---|---|
| 2025-02-12 | Price change | $152,500 |
| 2024-12-13 | Pending sale | $157,500 |
| 2024-12-04 | Price change | $157,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2020-02-20 | $1011.17 | N/A | $77,000 | 18.46% |
| 2019-02-20 | $1011.17 | 17.64% | $65,000 | N/A |
| 2018-02-20 | $859.55 | 36.61% | $65,000 | N/A |
Listed by: Jason Asch • eXp Realty LLC
Mls Name: NKMLS
Mls Provider:
Mls ID: #628145
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 2025 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.
