1537 Highway 1016BereaKY40403
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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 Berea at 1537 Highway 1016, Berea, KY, 40403 earns from $2,570/mo rent with a $2,814/mo payment. Total monthly income totals $2,570/mo. ROI tracks 14.17% on current figures, and rental yield reads 5.36% at a $575,000 purchase. Equity gained on principal adds $3,710/yr, and 5% annual appreciation supports $158,862 over five years. Five-year ROI reaches 71.87% and total cumulative return in cash sums $135,959. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,570/mo property income instead of your personal income.
Single Family
Built in 1989
3.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40403, Berea, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,224 (100%) |
| Owner Occupied HU | 7,789 (63.7%) |
| Renter Occupied HU | 3,605 (29.5%) |
| Vacant Housing Units | 830 ( 6.8%) |
| Median Home Value | $241,988 |
| Average Home Value | $265,708 |
Housing Distribution
Address Breakdown
Residential
11,527
Single Family
11,470
Multi-Family
57
Businesses
755
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Listed by: N Katie Tate • WEICHERT REALTORS - Ford Brothers
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25011711
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.