510 W Southern AveCovingtonKY41015
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 Covington at 510 W Southern Ave, Covington, KY, 41015 at $259,000 posts ROI 21.27% with $97/mo cash flow from $1,674/mo rent. Total monthly income equals $1,674/mo, and annual cash flow records $1,168/yr on $85,859 to close. Return on cash invested measures 21.27% and rental yield reads 7.76% at the current $259,000. Equity gained on principal adds $1,671/yr, and 5% annual appreciation supports $71,557 by year five. Five-year ROI prints 110.04% and total cumulative return in cash totals $94,480.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,674/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1914
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41015, Latonia, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,238 (100%) |
| Owner Occupied HU | 6,078 (65.8%) |
| Renter Occupied HU | 2,475 (26.8%) |
| Vacant Housing Units | 685 ( 7.4%) |
| Median Home Value | $234,273 |
| Average Home Value | $275,408 |
Housing Distribution
Address Breakdown
Residential
9,156
Single Family
8,244
Multi-Family
912
Businesses
406
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices