615 Garvey AveElsmereKY41018
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 Elsmere at 615 Garvey Ave, Elsmere, KY, 41018 at $218,500 posts ROI 25.22% with $321/mo cash flow from $1,650/mo rent. Total monthly income equals $1,650/mo, and annual cash flow records $3,847/yr on $72,433 to close. Return on cash invested measures 25.22% and rental yield reads 9.06% at the current $218,500. Equity gained on principal adds $1,410/yr, and 5% annual appreciation supports $60,368 by year five. Five-year ROI prints 131.21% and total cumulative return in cash totals $95,036.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,650/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1929
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julie Ray-Ritchie • Coldwell Banker Realty FM
Mls Name: NKMLS
Mls Provider:
Mls ID: #626840
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