78 W 13th StNewportKY41071
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 Newport at 78 W 13th St, Newport, KY, 41071 offers $1,860/mo rent that, after a $5,824/mo payment. Total monthly income is $1,860/mo. Return on cash invested measures 3.62% in year one, and rental yield stands at 1.88% at a $1,190,000 entry. Equity gained on principal adds $7,679/yr while 5% annual appreciation compounds into $328,775 by year five. Five-year ROI records 15.24% and total cumulative return in cash reaches $58,768. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,860/mo property income versus a $5,824/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2023
2,613 sqft lot
$N/A/sqft
No 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
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