108 3rd StSimpsonvilleKY40067
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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 Simpsonville at 108 3rd St, Simpsonville, KY, 40067 uses $72,897 cash to close to unlock $9,347/yr annual cash flow and $779/mo monthly cash flow. Total monthly income runs $2,117/mo, and a $1,076/mo payment keeps the spread at $779/mo. Purchase price stands at $219,900, and rental yield measures 11.55% with $2,117/mo rent. Return on cash invested shows 32.73% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 171.45% and total cumulative return in cash records $124,984. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,117/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1942
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40067, Simpsonville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,340 (100%) |
| Owner Occupied HU | 1,900 (81.2%) |
| Renter Occupied HU | 334 (14.3%) |
| Vacant Housing Units | 106 ( 4.5%) |
| Median Home Value | $359,211 |
| Average Home Value | $491,426 |
Housing Distribution
Address Breakdown
Residential
2,240
Single Family
2,240
Multi-Family
0
Businesses
288
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Listed by: Jason Crask • THRIVE Realty
Mls Name: GLARMLS
Mls ID: #1693842