114 2nd StSmiths GroveKY42171
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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
Rental property for sale in Smiths Grove at 114 2nd St, Smiths Grove, KY, 42171 generates $2,034/mo in rent and, after a $1,055/mo payment, leaves $722/mo in cash flow. Total monthly income is $2,034/mo, and annual cash flow is $8,666/yr on $71,438 invested. Return on cash invested sits at 32.04% in year one, and rental yield is 11.33% on a $215,500 entry. Equity gained on principal adds $1,391/yr, while 5% annual appreciation builds toward $59,539 over five years. Five-year ROI reaches 167.81% and total cumulative return in cash sums $119,882. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,034/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42171, Smiths Grove, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,094 (100%) |
| Owner Occupied HU | 2,335 (75.5%) |
| Renter Occupied HU | 502 (16.2%) |
| Vacant Housing Units | 257 ( 8.3%) |
| Median Home Value | $248,910 |
| Average Home Value | $256,677 |
Housing Distribution
Address Breakdown
Residential
3,140
Single Family
3,140
Multi-Family
0
Businesses
102
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Listed by: Chris W Gravil • United Country, Heartland Realty & Auction, LLC
Mls Name: RASK
Mls Provider:
Mls ID: #RA20244553
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.