1590 State Garage RdAlbanyKY42602
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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 Albany at 1590 State Garage Rd, Albany, KY, 42602 offers $2,190/mo rent that, after a $1,493/mo payment, leaves $334/mo cash flow. Total monthly income is $2,190/mo, and annual cash flow is $4,002/yr on $101,108 cash. Return on cash invested measures 23.87% in year one, and rental yield stands at 8.62% at a $305,000 entry. Equity gained on principal adds $1,968/yr while 5% annual appreciation compounds into $84,266 by year five. Five-year ROI records 123.95% and total cumulative return in cash reaches $125,326. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,190/mo property income versus a $1,493/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42602, Albany, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,682 (100%) |
| Owner Occupied HU | 2,700 (57.7%) |
| Renter Occupied HU | 1,075 (23.0%) |
| Vacant Housing Units | 907 (19.4%) |
| Median Home Value | $115,265 |
| Average Home Value | $150,402 |
Housing Distribution
Address Breakdown
Residential
4,364
Single Family
4,364
Multi-Family
0
Businesses
425
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Listed by: Kelly Latham • RE/MAX COUNTRY LIVING, LLC
Mls Name: UCMLS
Mls Provider:
Mls ID: #234377
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