203 Mellwood DrGreenvilleKY42345
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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 Greenville at 203 Mellwood Dr, Greenville, KY, 42345 generates $1,933/mo in rent and, after a $1,150/mo payment, leaves $503/mo in cash flow. Total monthly income is $1,933/mo, and annual cash flow is $6,036/yr on $77,903 invested. Return on cash invested sits at 27.66% in year one, and rental yield is 9.87% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 144.25% and total cumulative return in cash sums $112,372. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,933/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42345, Greenville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,924 (100%) |
| Owner Occupied HU | 3,379 (68.6%) |
| Renter Occupied HU | 1,019 (20.7%) |
| Vacant Housing Units | 526 (10.7%) |
| Median Home Value | $155,511 |
| Average Home Value | $185,459 |
Housing Distribution
Address Breakdown
Residential
4,644
Single Family
4,620
Multi-Family
24
Businesses
309
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Listed by: N/A • N/A
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