1620 Cleveland AveGlasgowKY42141
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 1620 Cleveland Ave, Glasgow, KY, 42141 in Glasgow hard to pass up. The 11.9% gross yield on a $199,700 purchase results in $1,980/mo in rent and $765/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.20). Annual cash flow of $9,175, five-year appreciation of $55,173, and $1,839/yr in equity build-up combine for a projected total cumulative return of $124,880.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 7.0% |
| Monthly Cash Flow | $765 | $1,200 |
City averages based on Glasgow market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,980 |
| Total Monthly Debt Service | $1,136 |
| DSCR Ratio | 1.74x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2017
0.36 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
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
Single Family
Built in 2017
0.36 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Zachary French • Mills Real Estate & Auction
Mls Name: RASK
Mls Provider:
Mls ID: #RA20252159
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.