1609 Gainesway DrWorthingtonKY41183
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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 Worthington at 1609 Gainesway Dr, Worthington, KY, 41183 generates $1,844/mo in rent and, after a $1,160/mo payment, leaves $402/mo in cash flow. Total monthly income is $1,844/mo, and annual cash flow is $4,819/yr on $78,566 invested. Return on cash invested sits at 26.04% in year one, and rental yield is 9.34% on a $237,000 entry. Equity gained on principal adds $1,529/yr, while 5% annual appreciation builds toward $65,479 over five years. Five-year ROI reaches 135.61% and total cumulative return in cash sums $106,544. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,844/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.44 Acres 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: #59329