3832 Decoursey AveCovingtonKY41015
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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 Covington at 3832 Decoursey Ave, Covington, KY, 41015 with 5% annual appreciation on a $224,500 basis while $1,799/mo rent supports operations. Total monthly income totals $1,799/mo and a $1,099/mo payment preserves $432/mo for cash returns. Annual cash flow comes to $5,190/yr on $74,422 deployed, and return on cash invested reaches 26.88% in year one. Equity gained on principal adds $1,449/yr, and five-year appreciation sums $62,025 alongside rental yield of 9.62%. Five-year ROI measures 140.13% and total cumulative return in cash totals $104,288.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,799/mo property income versus a $1,099/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1932
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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Nearby investment properties with comparable prices
Listed by: The Vories Team • Keller Williams Realty Services
Mls Name: NKMLS
Mls Provider:
Mls ID: #631715
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