550 Station DrLudlowKY41016
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.88% yield at 550 Station Dr, Ludlow, KY, 41016 in Ludlow is solid, but the $1,293/mo payment compresses net cash flow to $149/mo at $287,471. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $79,423 by year five, and $2,648/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.65) without U.S. income documentation. Total projected return: $119,490.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 7.5% |
| Monthly Cash Flow | $149 | $250 |
City averages based on Ludlow market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,128 |
| Total Monthly Debt Service | $1,864 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2026
N/A lot
$N/A/sqft
$2,750 annually 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
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
Condo
Built in 2026
N/A lot
$N/A/sqft
$2,750 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Al Hencheck • HMS Real Estate
Mls Name: NKMLS
Mls Provider:
Mls ID: #638788
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 2026 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.