1231 Eastern StElizabethtownKY42701
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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
Investment property for sale in Elizabethtown at 1231 Eastern St, Elizabethtown, KY, 42701 offers a 9.2% rental yield on a $189,400 purchase with $1,452/mo rent. Total monthly income registers $1,452/mo, and a $927/mo payment leaves $299/mo available for distribution. Annual cash flow reaches $3,592/yr on $62,786 to close, and return on cash invested stands at 25.63% in year one. Equity gained on principal adds $1,222/yr while 5% annual appreciation supports $52,328 over five years. Portfolio math shows five-year ROI at 133.43% and total cumulative return in cash at $83,776. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,452/mo property income against a $927/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42701, Elizabethtown, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,939 (100%) |
| Owner Occupied HU | 14,459 (58.0%) |
| Renter Occupied HU | 8,441 (33.8%) |
| Vacant Housing Units | 2,039 ( 8.2%) |
| Median Home Value | $285,806 |
| Average Home Value | $315,613 |
Housing Distribution
Address Breakdown
Residential
23,162
Single Family
22,694
Multi-Family
468
Businesses
1,879
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Listed by: Stephanie Wright • GREATER OWENSBORO REALTY COMPA
Mls Name: RASK
Mls Provider:
Mls ID: #RA20252306
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.