118 Hickory Grove CtGeorgetownKY40324
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
Rental property for sale in Georgetown at 118 Hickory Grove Ct, Georgetown, KY, 40324 offers $2,380/mo rent that, after a $1,683/mo payment, leaves $152/mo cash flow. Total monthly income is $2,380/mo, and annual cash flow is $1,826/yr on $114,009 cash. Return on cash invested measures 21.51% in year one, and rental yield stands at 8.3% at a $343,920 entry. Equity gained on principal adds $2,219/yr while 5% annual appreciation compounds into $95,019 by year five. Five-year ROI records 111.84% and total cumulative return in cash reaches $127,513. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,380/mo property income versus a $1,683/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
6,098 sqft lot
$N/A/sqft
$135 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40324, Georgetown, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,153 (100%) |
| Owner Occupied HU | 14,727 (66.5%) |
| Renter Occupied HU | 6,337 (28.6%) |
| Vacant Housing Units | 1,089 ( 4.9%) |
| Median Home Value | $284,871 |
| Average Home Value | $318,759 |
Housing Distribution
Address Breakdown
Residential
21,295
Single Family
19,656
Multi-Family
1,639
Businesses
1,306
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Grant Bennett • Kassie & Associates
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #24007251
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.