173 Green RdProvidenceKY42450
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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 Providence at 173 Green Rd, Providence, KY, 42450 uses $33,150 cash to close to unlock $4,534/yr annual cash flow and $378/mo monthly cash flow. Total monthly income runs $986/mo, and a $489/mo payment keeps the spread at $378/mo. Purchase price stands at $100,000, and rental yield measures 11.83% with $986/mo rent. Return on cash invested shows 33.59% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 176.05% and total cumulative return in cash records $58,360. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $986/mo property income covering a $489/mo payment rather than investor’s personal income.
Manufactured
Built in 2023
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42450, Providence, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,893 (100%) |
| Owner Occupied HU | 1,137 (60.1%) |
| Renter Occupied HU | 452 (23.9%) |
| Vacant Housing Units | 304 (16.1%) |
| Median Home Value | $75,879 |
| Average Home Value | $135,204 |
Housing Distribution
Address Breakdown
Residential
1,806
Single Family
1,780
Multi-Family
26
Businesses
143
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Listed by: Landon Black • BHG Realty
Mls Name: HAMLS
Mls ID: #250542