408 Lake StLudlowKY41016
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 Ludlow at 408 Lake St, Ludlow, KY, 41016 priced at $235,500 pairs $1,776/mo rent with $342/mo cash flow after a $1,153/mo payment. Total monthly income equals $1,776/mo, and annual cash flow comes to $4,108/yr on $78,068 invested. Return on cash invested is 25.17% in year one, and rental yield stands at 9.05% on a $235,500 basis. Equity gained on principal adds $1,520/yr, and 5% annual appreciation accumulates to $65,064 by year five. Five-year ROI measures 130.95% and total cumulative return in cash reaches $102,233. For financing, Ziffy Mortgage’s DSCR program evaluates $1,776/mo property income against a $1,153/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41016, Covington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,760 (100%) |
| Owner Occupied HU | 1,619 (58.7%) |
| Renter Occupied HU | 863 (31.3%) |
| Vacant Housing Units | 278 (10.1%) |
| Median Home Value | $206,004 |
| Average Home Value | $249,971 |
Housing Distribution
Address Breakdown
Residential
2,605
Single Family
2,549
Multi-Family
56
Businesses
123
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Nearby investment properties with comparable prices
Listed by: Scott Oyler • Coldwell Banker Realty
Mls Name: NKMLS
Mls Provider:
Mls ID: #635382
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