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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 39 Rio Grande Cir APT 6, Florence, KY, 41042 offers a 10.47% rental yield on a $153,000 purchase with $1,335/mo rent. Total monthly income registers $1,335/mo, and a $749/mo payment leaves $105/mo available for distribution. Annual cash flow reaches $1,256/yr on $50,720 to close, and return on cash invested stands at 22.39% in year one. Equity gained on principal adds $987/yr while 5% annual appreciation supports $42,271 over five years. Portfolio math shows five-year ROI at 118.58% and total cumulative return in cash at $60,144. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,335/mo property income against a $749/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1991
871.20 sqft lot
$N/A/sqft
$299 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 |
|---|---|---|
| 2025-01-13 | Listed for sale | $153,000 |
| 2024-12-29 | Listing removed | $160,000 |
| 2024-12-15 | Listed for sale | $160,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2020-02-20 | $448.24 | N/A | $70,000 | 22.81% |
| 2019-02-20 | $448.24 | 44.99% | $57,000 | N/A |
| 2018-02-20 | $309.16 | 64.62% | $57,000 | N/A |
Listed by: Lindsay Heeger • eXp Realty LLC
Mls Name: NKMLS
Mls Provider:
Mls ID: #629167
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.
