516 Hallam AveErlangerKY41018
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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 Erlanger at 516 Hallam Ave, Erlanger, KY, 41018 earns $645/mo cash flow from $2,100/mo rent with a $1,170/mo payment. Total monthly income totals $2,100/mo, and annual cash flow totals $7,742/yr on $79,229 capital. ROI tracks 29.68% on current figures, and rental yield reads 10.54% at a $239,000 purchase. Equity gained on principal adds $1,542/yr, and 5% annual appreciation supports $66,031 over five years. Five-year ROI reaches 155.17% and total cumulative return in cash sums $122,940. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,100/mo property income instead of your personal income.
Single Family
Built in 1957
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41018, Erlanger, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,742 (100%) |
| Owner Occupied HU | 8,170 (64.1%) |
| Renter Occupied HU | 3,849 (30.2%) |
| Vacant Housing Units | 723 ( 5.7%) |
| Median Home Value | $212,771 |
| Average Home Value | $235,431 |
Housing Distribution
Address Breakdown
Residential
11,776
Single Family
10,264
Multi-Family
1,512
Businesses
835
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