211 Mount Vernon RdBereaKY40403
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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 211 Mount Vernon Rd, Berea, KY, 40403 priced at $224,900 converts $1,192/mo rent into after a $1,101/mo obligation. Total monthly income equals $1,192/mo. Return on cash invested prints 17.06% in year one, and rental yield reads 6.36% against a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,136 by year five. Five-year ROI reaches 87.43% and total cumulative return in cash sums $65,185. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,192/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
1.50 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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