4187 Elder Ct APT 5IndependenceKY41051
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 Independence at 4187 Elder Ct APT 5, Independence, KY, 41051 earns $467/mo cash flow from $1,703/mo rent with a $788/mo payment. Total monthly income totals $1,703/mo, and annual cash flow totals $5,606/yr on $53,372 capital. ROI tracks 30.41% on current figures, and rental yield reads 12.69% at a $161,000 purchase. Equity gained on principal adds $1,039/yr, and 5% annual appreciation supports $44,481 over five years. Five-year ROI reaches 161.19% and total cumulative return in cash sums $86,031. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,703/mo property income instead of your personal income.
Townhouse
Built in 1975
1,306 sqft lot
$N/A/sqft
$256 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41051, Independence, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,467 (100%) |
| Owner Occupied HU | 9,379 (81.8%) |
| Renter Occupied HU | 1,783 (15.5%) |
| Vacant Housing Units | 305 ( 2.7%) |
| Median Home Value | $266,323 |
| Average Home Value | $300,312 |
Housing Distribution
Address Breakdown
Residential
11,820
Single Family
11,350
Multi-Family
470
Businesses
356
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Linda Mildon • RE/MAX Victory + Affiliates
Mls Name: NKMLS
Mls Provider:
Mls ID: #636928
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 2025 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.