913 Summitridge Ln #118-BErlangerKY41018
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 913 Summitridge Ln #118-B, Erlanger, KY, 41018 in Erlanger hard to pass up. The 12.35% gross yield on a $257,700 purchase results in $2,652/mo in rent and $1,084/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.29). Annual cash flow of $13,003, five-year appreciation of $71,198, and $2,373/yr in equity build-up combine for a projected total cumulative return of $167,314.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.4% | 6.1% |
| Monthly Cash Flow | $1,084 | $550 |
City averages based on Erlanger market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,652 |
| Total Monthly Debt Service | $1,466 |
| DSCR Ratio | 1.81x |
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 2003
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
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 2003
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
