37 Parkview AveNewportKY41071
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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
Rental property for sale in Newport at 37 Parkview Ave, Newport, KY, 41071 priced at $212,000 converts $2,370/mo rent into $1,079/mo cash flow after a $1,038/mo obligation. Total monthly income equals $2,370/mo, and annual cash flow totals $12,952/yr on $70,278 invested. Return on cash invested prints 38.34% in year one, and rental yield reads 13.42% against a $212,000 entry. Equity gained on principal adds $1,368/yr, while 5% annual appreciation compiles into $58,572 by year five. Five-year ROI reaches 201.6% and total cumulative return in cash sums $141,679. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,370/mo property income covering a $1,038/mo payment, not borrower’s personal income.
Multi Family
Built in 1920
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41071, Newport, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,761 (100%) |
| Owner Occupied HU | 4,704 (43.7%) |
| Renter Occupied HU | 4,954 (46.0%) |
| Vacant Housing Units | 1,103 (10.2%) |
| Median Home Value | $260,721 |
| Average Home Value | $296,826 |
Housing Distribution
Address Breakdown
Residential
9,864
Single Family
7,027
Multi-Family
2,837
Businesses
682
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