41 W 31st 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
Rental property for sale in Covington at 41 W 31st St, Covington, KY, 41015 priced at $206,500 pairs $1,674/mo rent with $417/mo cash flow after a $1,011/mo payment. Total monthly income equals $1,674/mo, and annual cash flow comes to $5,003/yr on $68,455 invested. Return on cash invested is 27.22% in year one, and rental yield stands at 9.73% on a $206,500 basis. Equity gained on principal adds $1,333/yr, and 5% annual appreciation accumulates to $57,052 by year five. Five-year ROI measures 141.9% and total cumulative return in cash reaches $97,137. For financing, Ziffy Mortgage’s DSCR program evaluates $1,674/mo property income against a $1,011/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1927
3,484 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: Craig Williams • Keller Williams Realty Services
Mls Name: NKMLS
Mls Provider:
Mls ID: #626829
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of NKMLS. Real estate listings held by IDX Brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Listing information is deemed reliable, but not guaranteed. Copyright 2023 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.