1503 Grinstead DrElizabethtownKY42701
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
Investment property for sale in Elizabethtown at 1503 Grinstead Dr, Elizabethtown, KY, 42701 earns $117/mo cash flow from $2,789/mo rent with a $2,149/mo payment. Total monthly income totals $2,789/mo, and annual cash flow totals $1,402/yr on $145,529 capital. ROI tracks 20.87% on current figures, and rental yield reads 7.62% at a $439,000 purchase. Equity gained on principal adds $2,833/yr, and 5% annual appreciation supports $121,288 over five years. Five-year ROI reaches 107.87% and total cumulative return in cash sums $156,980. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,789/mo property income instead of your personal income.
Single Family
Built in 2004
0.45 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joni Melloan • Melloan Real Estate
Mls Name: GLARMLS
Mls ID: #1697055