913 Summitridge Ln, Erlanger, KY, 41018 | $186/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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913 Summitridge Ln, Erlanger, KY, 41018 | $186/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Erlanger at 913 Summitridge Ln, Erlanger, KY, 41018 uses $85,859 cash to close to unlock $2,236/yr annual cash flow and $186/mo monthly cash flow. Total monthly income runs $1,763/mo, and a $1,268/mo payment keeps the spread at $186/mo. Purchase price stands at $259,000, and rental yield measures 8.17% with $1,763/mo rent. Return on cash invested shows 22.51% in year one, and 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 116.72% and total cumulative return in cash records $100,216. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,763/mo property income covering a $1,268/mo payment rather than investor’s personal income.

Condo

Built in 2003

118 sqft lot

$N/A/sqft

No HOA

More details about the property

Come live the life in Lakemont~ Imagine pulling right into your garage and stepping directly into your spacious THREE bedroom home, no hassle(or small talk with neighbors if you don't want to) just comfort. Inside you will be greeted by vaulted ceilings, beautiful cosmetic updates and tasteful upgrades throughout. The kitchen boasts a brand NEW refrigerator, ample cabinet & counter space AND a pantry! The living space shines with a custom wine bar built-in beside your cozy fireplace- perfect for unwinding or entertaining. The seller has just serviced the HVAC for your peace of mind, so you can truly move right in and start enjoying everything Lakemont has to offer. Just steps away, you will find THREE community pools, fitness center, fishing pond and walking paths. Whether you love hosting with plenty of guest parking or prefer to tuck away and enjoy low-maintenance living, this unit has you covered. Don't just look to buy a property- step into a lifestyle~ Top rated school system! All kitchen appliances, washer and dryer will stay for you! HOA includes your water and sewer. Seller only pays Owen Electric, Rumpke trash, and internet!

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