202 Scruggs StBereaKY40403
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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 Berea at 202 Scruggs St, Berea, KY, 40403 uses $59,637 cash to close to unlock $2,275/yr annual cash flow and $190/mo monthly cash flow. Total monthly income runs $1,285/mo, and a $881/mo payment keeps the spread at $190/mo. Purchase price stands at $179,900, and rental yield measures 8.57% with $1,285/mo rent. Return on cash invested shows 23.72% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 123.22% and total cumulative return in cash records $73,485. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,285/mo property income covering a $881/mo payment rather than investor’s personal income.
Multi Family
Built in 1970
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40403, Berea, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,224 (100%) |
| Owner Occupied HU | 7,789 (63.7%) |
| Renter Occupied HU | 3,605 (29.5%) |
| Vacant Housing Units | 830 ( 6.8%) |
| Median Home Value | $241,988 |
| Average Home Value | $265,708 |
Housing Distribution
Address Breakdown
Residential
11,527
Single Family
11,470
Multi-Family
57
Businesses
755
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Listed by: Bradley Warford • Century 21 Pinnacle
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24022585
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.