3906 Tracy AveCovingtonKY41015
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
Rental property for sale in Covington at 3906 Tracy Ave, Covington, KY, 41015 priced at $165,000 converts $1,251/mo rent into $246/mo cash flow after a $808/mo obligation. Total monthly income equals $1,251/mo, and annual cash flow totals $2,956/yr on $54,698 invested. Return on cash invested prints 25.31% in year one, and rental yield reads 9.1% against a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,586 by year five. Five-year ROI reaches 131.76% and total cumulative return in cash sums $72,071. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,251/mo property income covering a $808/mo payment, not borrower’s personal income.
Single Family
Built in 1917
3,049 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
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Nearby investment properties with comparable prices
Listed by: Andrea Langefeld • KW Seven Hills Realty
Mls Name: NKMLS
Mls Provider:
Mls ID: #631663
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