1601 Gainesway DrWorthingtonKY41183
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 Worthington at 1601 Gainesway Dr, Worthington, KY, 41183 at $229,900 posts ROI 33.94% with $891/mo cash flow from $2,290/mo rent. Total monthly income equals $2,290/mo, and annual cash flow records $10,692/yr on $76,212 to close. Return on cash invested measures 33.94% and rental yield reads 11.95% at the current $229,900. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 by year five. Five-year ROI prints 178% and total cumulative return in cash totals $135,659.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,290/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41183, Worthington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 699 (100%) |
| Owner Occupied HU | 458 (65.5%) |
| Renter Occupied HU | 163 (23.3%) |
| Vacant Housing Units | 78 (11.2%) |
| Median Home Value | $104,750 |
| Average Home Value | $127,609 |
Housing Distribution
Address Breakdown
Residential
559
Single Family
559
Multi-Family
0
Businesses
24
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Listed by: Tonja C McCloud • RE/MAX Realty Connection, LLC
Mls Name: AABR
Mls ID: #59749