604 E 38th StCovingtonKY41015
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 604 E 38th St, Covington, KY, 41015 earns $718/mo cash flow from $1,628/mo rent with a $732/mo payment. Total monthly income totals $1,628/mo, and annual cash flow totals $8,614/yr on $49,559 capital. ROI tracks 37.29% on current figures, and rental yield reads 13.07% at a $149,500 purchase. Equity gained on principal adds $965/yr, and 5% annual appreciation supports $41,304 over five years. Five-year ROI reaches 195.92% and total cumulative return in cash sums $97,097. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,628/mo property income instead of your personal income.
Single Family
Built in N/A
4,356 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
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Nearby investment properties with comparable prices
Listed by: Heather McColaugh • BF Realty
Mls Name: NKMLS
Mls Provider:
Mls ID: #632445
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