1587 New Hope RdGreensburgKY42743
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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 Greensburg at 1587 New Hope Rd, Greensburg, KY, 42743 uses $45,913 cash to close to unlock $9,167/yr annual cash flow and $764/mo monthly cash flow. Total monthly income runs $1,607/mo, and a $678/mo payment keeps the spread at $764/mo. Purchase price stands at $138,500, and rental yield measures 13.92% with $1,607/mo rent. Return on cash invested shows 39.88% in year one, and 5% annual appreciation builds toward $38,265 over five years. Five-year ROI reaches 209.76% and total cumulative return in cash records $96,307. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,607/mo property income covering a $678/mo payment rather than investor’s personal income.
Single Family
Built in 2000
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42743, Greensburg, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,359 (100%) |
| Owner Occupied HU | 2,880 (66.1%) |
| Renter Occupied HU | 954 (21.9%) |
| Vacant Housing Units | 525 (12.0%) |
| Median Home Value | $117,857 |
| Average Home Value | $210,336 |
Housing Distribution
Address Breakdown
Residential
4,221
Single Family
4,147
Multi-Family
74
Businesses
335
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Listed by: Kaylene Bush • RENEE DOBSON REALTY GROUP, LLC
Mls Name: HKMLS
Mls Provider:
Mls ID: #HK25003596
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.