423 Summit DrCrescent ParkKY41017
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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
Investment property for sale in Crescent Park at 423 Summit Dr, Crescent Park, KY, 41017 offers a 10.8% rental yield on a $219,900 purchase with $1,980/mo rent. Total monthly income registers $1,980/mo, and a $1,076/mo payment leaves $642/mo available for distribution. Annual cash flow reaches $7,703/yr on $72,897 to close, and return on cash invested stands at 30.48% in year one. Equity gained on principal adds $1,419/yr while 5% annual appreciation supports $60,754 over five years. Portfolio math shows five-year ROI at 159.35% and total cumulative return in cash at $116,164. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,980/mo property income against a $1,076/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41017, Ft Mitchell, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,627 (100%) |
| Owner Occupied HU | 12,734 (72.2%) |
| Renter Occupied HU | 4,171 (23.7%) |
| Vacant Housing Units | 722 ( 4.1%) |
| Median Home Value | $345,230 |
| Average Home Value | $386,117 |
Housing Distribution
Address Breakdown
Residential
17,416
Single Family
14,438
Multi-Family
2,978
Businesses
1,241
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Listed by: The Berens Team • Keller Williams Realty Services
Mls Name: NKMLS
Mls ID: #639062