211 Laurel DrBereaKY40403
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Nearby investment properties with comparable prices
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 211 Laurel Dr, Berea, KY, 40403 priced at $199,000 pairs $1,556/mo rent with $345/mo cash flow after a $974/mo payment. Total monthly income equals $1,556/mo, and annual cash flow comes to $4,138/yr on $65,969 invested. Return on cash invested is 26.18% in year one, and rental yield stands at 9.38% on a $199,000 basis. Equity gained on principal adds $1,284/yr, and 5% annual appreciation accumulates to $54,980 by year five. Five-year ROI measures 136.35% and total cumulative return in cash reaches $89,946. For financing, Ziffy Mortgage’s DSCR program evaluates $1,556/mo property income against a $974/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
5,749 sqft 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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