945 Washington AveNewportKY41071
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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 Newport at 945 Washington Ave, Newport, KY, 41071 earns $709/mo cash flow from $2,370/mo rent with a $1,336/mo payment. Total monthly income totals $2,370/mo, and annual cash flow totals $8,505/yr on $90,466 capital. ROI tracks 29.31% on current figures, and rental yield reads 10.42% at a $272,900 purchase. Equity gained on principal adds $1,761/yr, and 5% annual appreciation supports $75,397 over five years. Five-year ROI reaches 153.14% and total cumulative return in cash sums $138,540. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,370/mo property income instead of your personal income.
Multi Family
Built in 1879
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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