112 Tom Groce RdAlbanyKY42602
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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 Albany at 112 Tom Groce Rd, Albany, KY, 42602 at $170,000 posts ROI 25.01% with $239/mo cash flow from $1,274/mo rent. Total monthly income equals $1,274/mo, and annual cash flow records $2,873/yr on $56,355 to close. Return on cash invested measures 25.01% and rental yield reads 8.99% at the current $170,000. Equity gained on principal adds $1,097/yr, and 5% annual appreciation supports $46,968 by year five. Five-year ROI prints 130.12% and total cumulative return in cash totals $73,329.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,274/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1993
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42602, Albany, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,682 (100%) |
| Owner Occupied HU | 2,700 (57.7%) |
| Renter Occupied HU | 1,075 (23.0%) |
| Vacant Housing Units | 907 (19.4%) |
| Median Home Value | $115,265 |
| Average Home Value | $150,402 |
Housing Distribution
Address Breakdown
Residential
4,364
Single Family
4,364
Multi-Family
0
Businesses
425
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Listed by: Shirley Smith • The Realty Firm - Byrdstown
Mls Name: UCMLS
Mls Provider:
Mls ID: #236633
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