605 E 18th StCovingtonKY41014
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 605 E 18th St, Covington, KY, 41014 generates $1,034/mo in rent and, after a $636/mo payment, leaves $243/mo in cash flow. Total monthly income is $1,034/mo, and annual cash flow is $2,918/yr on $43,062 invested. Return on cash invested sits at 26.69% in year one, and rental yield is 9.55% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 139.16% and total cumulative return in cash sums $59,923. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,034/mo property income rather than buyer’s personal income.
Single Family
Built in 1923
2,613 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: Matthew Brock • Resource Realty Partners
Mls Name: NKMLS
Mls Provider:
Mls ID: #636279
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