123 Stafford PlGrand RiversKY42045
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 123 Stafford Pl, Grand Rivers, KY, 42045 in Grand Rivers is capital appreciation. Rental yield 4.5%. The 4.5% gross yield at $460,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $127,090 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.83) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $104,960.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.5% | 7.5% |
| Monthly Cash Flow | $(1,076) | $850 |
City averages based on Grand Rivers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,723 |
| Total Monthly Debt Service | $2,617 |
| DSCR Ratio | 0.66x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in N/A
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42045, Grand Rivers, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,259 (100%) |
| Owner Occupied HU | 784 (62.3%) |
| Renter Occupied HU | 192 (15.3%) |
| Vacant Housing Units | 283 (22.5%) |
| Median Home Value | $122,965 |
| Average Home Value | $185,517 |
Housing Distribution
Address Breakdown
Residential
1,053
Single Family
1,053
Multi-Family
0
Businesses
98
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
Manufactured
Built in N/A
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42045, Grand Rivers, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,259 (100%) |
| Owner Occupied HU | 784 (62.3%) |
| Renter Occupied HU | 192 (15.3%) |
| Vacant Housing Units | 283 (22.5%) |
| Median Home Value | $122,965 |
| Average Home Value | $185,517 |
Housing Distribution
Address Breakdown
Residential
1,053
Single Family
1,053
Multi-Family
0
Businesses
98
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel Richardson • Lake Homes Realty, LLC
Mls Name: WKRMLS
Mls ID: #131012
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.