524 Highland PikeCovingtonKY41014
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 Covington at 524 Highland Pike, Covington, KY, 41014 priced at $221,500 pairs $1,542/mo rent with $194/mo cash flow after a $1,084/mo payment. Total monthly income equals $1,542/mo, and annual cash flow comes to $2,329/yr on $73,427 invested. Return on cash invested is 23.08% in year one, and rental yield stands at 8.35% on a $221,500 basis. Equity gained on principal adds $1,429/yr, and 5% annual appreciation accumulates to $61,196 by year five. Five-year ROI measures 119.78% and total cumulative return in cash reaches $87,950. For financing, Ziffy Mortgage’s DSCR program evaluates $1,542/mo property income against a $1,084/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1923
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41014, Covington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,529 (100%) |
| Owner Occupied HU | 1,520 (43.1%) |
| Renter Occupied HU | 1,578 (44.7%) |
| Vacant Housing Units | 431 (12.2%) |
| Median Home Value | $182,921 |
| Average Home Value | $207,699 |
Housing Distribution
Address Breakdown
Residential
3,217
Single Family
2,952
Multi-Family
265
Businesses
101
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Nearby investment properties with comparable prices
Listed by: Julie Ray-Ritchie • Coldwell Banker Realty FM
Mls Name: NKMLS
Mls Provider:
Mls ID: #636921
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