412 Garvey AveElsmereKY41018
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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
Investment Highlights
Rental property for sale in Elsmere at 412 Garvey Ave, Elsmere, KY, 41018 generates $1,175/mo in rent and, after a $734/mo payment, leaves $262/mo in cash flow. Total monthly income is $1,175/mo, and annual cash flow is $3,148/yr on $49,692 invested. Return on cash invested sits at 26.24% in year one, and rental yield is 9.41% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 136.75% and total cumulative return in cash sums $67,955. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,175/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
3,049 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,776
Single Family
10,264
Multi-Family
1,512
Businesses
835
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