175 Melrose PlMount WashingtonKY40047
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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 Mount Washington at 175 Melrose Pl, Mount Washington, KY, 40047 offers a 9.28% rental yield on a $329,000 purchase with $2,543/mo rent. Total monthly income registers $2,543/mo, and a $1,610/mo payment leaves $541/mo available for distribution. Annual cash flow reaches $6,491/yr on $109,064 to close, and return on cash invested stands at 25.86% in year one. Equity gained on principal adds $2,123/yr while 5% annual appreciation supports $90,897 over five years. Portfolio math shows five-year ROI at 134.6% and total cumulative return in cash at $146,805. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,543/mo property income against a $1,610/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40047, Mount Washington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,602 (100%) |
| Owner Occupied HU | 8,016 (83.5%) |
| Renter Occupied HU | 1,346 (14.0%) |
| Vacant Housing Units | 240 ( 2.5%) |
| Median Home Value | $307,108 |
| Average Home Value | $347,621 |
Housing Distribution
Address Breakdown
Residential
9,736
Single Family
9,574
Multi-Family
162
Businesses
497
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Listed by: Pamela Shewmaker Fick • Integrity Group REALTORS
Mls Name: GLARMLS
Mls ID: #1700769