9980 W State Route 718CovingtonOH45318
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
Investment property for sale in Covington at 9980 W State Route 718, Covington, OH, 45318 listed at $588,000 pairs $1,850/mo rent with a $2,878/mo payment. Total monthly income runs $1,850/mo. Return on cash invested measures 7.54% in year one, and rental yield registers 3.78% at a $588,000 basis. Equity gained on principal adds $3,794/yr, and annual property appreciation at 5% supports $162,454 by year five. Five-year ROI tracks 37.03% and total cumulative return in cash totals $71,640. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,850/mo property income relative to a $2,878/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
19.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45318, Covington, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,275 (100%) |
| Owner Occupied HU | 1,646 (72.4%) |
| Renter Occupied HU | 468 (20.6%) |
| Vacant Housing Units | 161 ( 7.1%) |
| Median Home Value | $260,880 |
| Average Home Value | $316,973 |
Housing Distribution
Address Breakdown
Residential
2,169
Single Family
2,169
Multi-Family
0
Businesses
164
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