427 Southwind LnLudlowKY41016
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 427 Southwind Ln, Ludlow, KY, 41016 priced at $265,000 converts $2,814/mo rent into $853/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,814/mo, and annual cash flow totals $10,239/yr on $87,848 invested. Return on cash invested prints 31.56% in year one, and rental yield reads 12.74% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 166.96% and total cumulative return in cash sums $146,667. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,814/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$348 monthly 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: Jason Asch • eXp Realty LLC
Mls Name: NKMLS
Mls Provider:
Mls ID: #635384
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