3905 Spire Cir, Erlanger, KY, 41018 | $307/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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3905 Spire Cir, Erlanger, KY, 41018 | $307/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Erlanger at 3905 Spire Cir, Erlanger, KY, 41018 offers a 9.35% rental yield on a $179,900 purchase with $1,402/mo rent. Total monthly income registers $1,402/mo, and a $881/mo payment leaves $307/mo available for distribution. Annual cash flow reaches $3,679/yr on $59,637 to close, and return on cash invested stands at 26.08% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 135.82% and total cumulative return in cash at $80,997. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,402/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2009

N/A lot

$N/A/sqft

No HOA

More details about the property

Attention bargain hunters! 3 bedroom condo with direct access from your garage straight into the unit. Second floor features vaulted ceilings, generous closet space, equipped kitchen and delightful rear facing deck. Lakemont community includes pristine lakes, 3 pool areas and community clubhouse. Instant equity as the condo needs decorator updates like paint, carpet, etc. Save thousands and have the unit the way you want it. Please leave 24 hours for negotiating offers.

Neighborhood Data

Neighborhood data shown for ZIP Code: 41018, Erlanger, KY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,742 (100%)
Owner Occupied HU	8,170 (64.1%)
Renter Occupied HU	3,849 (30.2%)
Vacant Housing Units	723 ( 5.7%)
Median Home Value	$212,771
Average Home Value	$235,431