3905 Locke StCovingtonKY41015
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3905 Locke St, Covington, KY, 41015 offers a 8.17% rental yield on a $245,900 purchase with $1,674/mo rent. Total monthly income registers $1,674/mo, and a $1,204/mo payment leaves $177/mo available for distribution. Annual cash flow reaches $2,124/yr on $81,516 to close, and return on cash invested stands at 22.51% in year one. Equity gained on principal adds $1,587/yr while 5% annual appreciation supports $67,938 over five years. Portfolio math shows five-year ROI at 116.67% and total cumulative return in cash at $95,107. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,674/mo property income against a $1,204/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
5,227 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices