40 Noonan Ct APT KHighland HeightsKY41076
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 Highland Heights at 40 Noonan Ct APT K, Highland Heights, KY, 41076 at $221,000 posts ROI 23.39% with $213/mo cash flow from $1,558/mo rent. Total monthly income equals $1,558/mo, and annual cash flow records $2,552/yr on $73,262 to close. Return on cash invested measures 23.39% and rental yield reads 8.46% at the current $221,000. Equity gained on principal adds $1,426/yr, and 5% annual appreciation supports $61,058 by year five. Five-year ROI prints 121.41% and total cumulative return in cash totals $88,945.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,558/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1996
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41076, Newport, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,771 (100%) |
| Owner Occupied HU | 5,539 (71.3%) |
| Renter Occupied HU | 1,911 (24.6%) |
| Vacant Housing Units | 321 ( 4.1%) |
| Median Home Value | $275,264 |
| Average Home Value | $293,103 |
Housing Distribution
Address Breakdown
Residential
7,486
Single Family
5,195
Multi-Family
2,291
Businesses
480
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Listed by: Amy Houston • Real Broker, LLC
Mls Name: NKMLS
Mls ID: #635741