617 Watkins StCovingtonKY41011
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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 617 Watkins St, Covington, KY, 41011 uses $53,040 cash to close to unlock $3,712/yr annual cash flow and $309/mo monthly cash flow. Total monthly income runs $1,283/mo, and a $783/mo payment keeps the spread at $309/mo. Purchase price stands at $160,000, and rental yield measures 9.62% with $1,283/mo rent. Return on cash invested shows 26.91% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 140.27% and total cumulative return in cash records $74,402. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,283/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41011, Covington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,644 (100%) |
| Owner Occupied HU | 5,731 (36.6%) |
| Renter Occupied HU | 8,164 (52.2%) |
| Vacant Housing Units | 1,749 (11.2%) |
| Median Home Value | $310,490 |
| Average Home Value | $348,671 |
Housing Distribution
Address Breakdown
Residential
13,882
Single Family
10,041
Multi-Family
3,841
Businesses
987
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