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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 2, Florence, KY, 41042 with 5% annual appreciation on a $169,900 basis while $1,824/mo rent supports operations. Total monthly income totals $1,824/mo and a $832/mo payment preserves $505/mo for cash returns. Annual cash flow comes to $6,054/yr on $56,322 deployed, and return on cash invested reaches 30.66% in year one. Equity gained on principal adds $1,096/yr, and five-year appreciation sums $46,940 alongside rental yield of 12.88%. Five-year ROI measures 162.59% and total cumulative return in cash totals $91,574.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,824/mo property income versus a $832/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1992
871.20 sqft lot
$N/A/sqft
$285 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 |
|---|---|---|
| 2024-10-03 | Listed for sale | $169,900 |
| 2006-03-03 | Sold | $72,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2020-10-15 | $594.14 | N/A | $82,000 | 17.14% |
| 2019-10-15 | $594.14 | 27.48% | $70,000 | N/A |
| 2018-10-15 | $466.07 | 48.60% | $70,000 | N/A |
Listed by: The Stockwell Group • Keller Williams Realty Services
Mls Name: NKMLS
Mls Provider:
Mls ID: #626995
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.
