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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 37 Rio Grande Cir APT 9, Florence, KY, 41042 at $155,000 posts ROI 18.96% with from $1,196/mo rent. Total monthly income equals $1,196/mo. Return on cash invested measures 18.96% and rental yield reads 9.26% at the current $155,000. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,824 by year five. Five-year ROI prints 100.15% and total cumulative return in cash totals $51,460. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,196/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1991
435.60 sqft lot
$N/A/sqft
$293 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 |
|---|---|---|
| 2025-02-06 | Listed for sale | $155,000 |
| 2025-02-06 | Listing removed | $159,900 |
| 2024-11-21 | Listed for sale | $159,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2020-02-20 | $986.86 | N/A | $75,000 | 7.14% |
| 2019-02-20 | $986.86 | 7.28% | $70,000 | N/A |
| 2018-02-20 | $919.90 | 35.76% | $70,000 | N/A |
Listed by: Aileen Taylor • Huff Realty - Florence
Mls Name: NKMLS
Mls Provider:
Mls ID: #629718
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.
