206-208 Washington AveBereaKY40403
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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 Berea at 206-208 Washington Ave, Berea, KY, 40403 generates $928/mo in rent and, after a $612/mo payment, leaves $167/mo in cash flow. Total monthly income is $928/mo, and annual cash flow is $2,004/yr on $41,438 invested. Return on cash invested sits at 24.75% in year one, and rental yield is 8.91% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 128.76% and total cumulative return in cash sums $53,357. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $928/mo property income rather than buyer’s personal income.
Manufactured
Built in 1997
0.59 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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