124 Texas AveMount WashingtonKY40047
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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 Mount Washington at 124 Texas Ave, Mount Washington, KY, 40047 uses $79,195 cash to close to unlock $2,296/yr annual cash flow and $191/mo monthly cash flow. Total monthly income runs $1,645/mo, and a $1,169/mo payment keeps the spread at $191/mo. Purchase price stands at $238,900, and rental yield measures 8.26% with $1,645/mo rent. Return on cash invested shows 22.81% in year one, and 5% annual appreciation builds toward $66,004 over five years. Five-year ROI reaches 118.3% and total cumulative return in cash records $93,689. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,645/mo property income covering a $1,169/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40047, Mount Washington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,602 (100%) |
| Owner Occupied HU | 8,016 (83.5%) |
| Renter Occupied HU | 1,346 (14.0%) |
| Vacant Housing Units | 240 ( 2.5%) |
| Median Home Value | $307,108 |
| Average Home Value | $347,621 |
Housing Distribution
Address Breakdown
Residential
9,736
Single Family
9,574
Multi-Family
162
Businesses
497
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Listed by: Kevin T Hoback • TC Realty
Mls Name: GLARMLS
Mls ID: #1705600