1024 McElroy WayBowling GreenKY42104
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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 Bowling Green at 1024 McElroy Way, Bowling Green, KY, 42104 uses $59,305 cash to close to unlock $2,530/yr annual cash flow and $211/mo monthly cash flow. Total monthly income runs $1,300/mo, and a $876/mo payment keeps the spread at $211/mo. Purchase price stands at $178,900, and rental yield measures 8.72% with $1,300/mo rent. Return on cash invested shows 24.17% in year one, and 5% annual appreciation builds toward $49,427 over five years. Five-year ROI reaches 125.61% and total cumulative return in cash records $74,491. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,300/mo property income covering a $876/mo payment rather than investor’s personal income.
Single Family
Built in 1951
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42104, Bowling Green, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,966 (100%) |
| Owner Occupied HU | 10,064 (56.0%) |
| Renter Occupied HU | 6,592 (36.7%) |
| Vacant Housing Units | 1,310 ( 7.3%) |
| Median Home Value | $319,084 |
| Average Home Value | $369,757 |
Housing Distribution
Address Breakdown
Residential
16,045
Single Family
15,774
Multi-Family
271
Businesses
1,113
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Listed by: Don R Spear • Keller Williams First Choice R
Mls Name: RASK
Mls ID: #RA20256459