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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Ludlow at 454 Elm St, Ludlow, KY, 41016 offers $1,578/mo rent that, after a $661/mo payment, leaves $756/mo cash flow. Total monthly income is $1,578/mo, and annual cash flow is $9,073/yr on $44,753 cash. Return on cash invested measures 40.18% in year one, and rental yield stands at 14.03% at a $135,000 entry. Equity gained on principal adds $871/yr while 5% annual appreciation compounds into $37,298 by year five. Five-year ROI records 211.54% and total cumulative return in cash reaches $94,669. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,578/mo property income versus a $661/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 41016, Covington, KY area.
| 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 |
Residential
2,605
Single Family
2,549
Multi-Family
56
Businesses
123
Date | Event | Price |
|---|---|---|
| 2025-08-23 | Listing removed | $373,900 |
| 2025-08-22 | Price change | $373,900 |
| 2025-06-12 | Price change | $379,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2021-10-12 | $674.76 | -9.66% | $47,500 | N/A |
| 2020-10-12 | $746.94 | N/A | $47,500 | N/A |
| 2019-10-12 | $746.94 | 3.00% | $47,500 | N/A |
Listed by: Rebecca Weber • Comey & Shepherd REALTORS
Mls Name: NKMLS
Mls Provider:
Mls ID: #611129
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.
