66 View Terrace Dr SUITE 2SouthgateKY41071
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 66 View Terrace Dr SUITE 2, Southgate, KY, 41071 in Southgate deserves attention. This $150,000 property earns $1,723/mo in rent, a 13.79% gross yield, and nets $565/mo after the $674/mo payment. DSCR 2.56 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $41,442 compounds alongside $1,382/yr in yearly equity build, for a total cumulative return of $94,304.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.8% | 6.0% |
| Monthly Cash Flow | $565 | $850 |
City averages based on Southgate market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,723 |
| Total Monthly Debt Service | $1,098 |
| DSCR Ratio | 1.57x |
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 1988
N/A lot
$N/A/sqft
$2,940 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41071, Newport, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,761 (100%) |
| Owner Occupied HU | 4,704 (43.7%) |
| Renter Occupied HU | 4,954 (46.0%) |
| Vacant Housing Units | 1,103 (10.2%) |
| Median Home Value | $260,721 |
| Average Home Value | $296,826 |
Housing Distribution
Address Breakdown
Residential
9,864
Single Family
7,027
Multi-Family
2,837
Businesses
682
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 1988
N/A lot
$N/A/sqft
$2,940 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41071, Newport, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,761 (100%) |
| Owner Occupied HU | 4,704 (43.7%) |
| Renter Occupied HU | 4,954 (46.0%) |
| Vacant Housing Units | 1,103 (10.2%) |
| Median Home Value | $260,721 |
| Average Home Value | $296,826 |
Housing Distribution
Address Breakdown
Residential
9,864
Single Family
7,027
Multi-Family
2,837
Businesses
682
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices