1556 Matthews Mill RdGlasgowKY42141
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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
Rental property for sale in Glasgow at 1556 Matthews Mill Rd, Glasgow, KY, 42141 priced at $249,000 converts $1,753/mo rent into $237/mo cash flow after a $1,219/mo obligation. Total monthly income equals $1,753/mo, and annual cash flow totals $2,847/yr on $82,544 invested. Return on cash invested prints 23.36% in year one, and rental yield reads 8.45% against a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation compiles into $68,794 by year five. Five-year ROI reaches 121.25% and total cumulative return in cash sums $100,088. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,753/mo property income covering a $1,219/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42141, Glasgow, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,741 (100%) |
| Owner Occupied HU | 8,662 (58.8%) |
| Renter Occupied HU | 4,542 (30.8%) |
| Vacant Housing Units | 1,537 (10.4%) |
| Median Home Value | $183,689 |
| Average Home Value | $226,792 |
Housing Distribution
Address Breakdown
Residential
13,986
Single Family
13,798
Multi-Family
188
Businesses
1,035
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Listed by: Dwayne D Pierce • Keller Williams First Choice Realty
Mls Name: RASK
Mls Provider:
Mls ID: #RA20246661
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