1208 Steve Wood RdBagdadKY40003
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 Bagdad at 1208 Steve Wood Rd, Bagdad, KY, 40003 offers $2,239/mo rent that, after a $1,613/mo payment, leaves $233/mo cash flow. Total monthly income is $2,239/mo, and annual cash flow is $2,800/yr on $109,229 cash. Return on cash invested measures 22.47% in year one, and rental yield stands at 8.15% at a $329,500 entry. Equity gained on principal adds $2,126/yr while 5% annual appreciation compounds into $91,035 by year five. Five-year ROI records 116.46% and total cumulative return in cash reaches $127,210. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,239/mo property income versus a $1,613/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
2.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40003, Bagdad, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 790 (100%) |
| Owner Occupied HU | 624 (79.0%) |
| Renter Occupied HU | 100 (12.7%) |
| Vacant Housing Units | 66 ( 8.4%) |
| Median Home Value | $332,692 |
| Average Home Value | $362,969 |
Housing Distribution
Address Breakdown
Residential
769
Single Family
769
Multi-Family
0
Businesses
21
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristian Ruble • Home--Land Of Kentucky
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24020961
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.