2128 Gateway AveMount SterlingKY40353
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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 Mount Sterling at 2128 Gateway Ave, Mount Sterling, KY, 40353 offers a 10.85% rental yield on a $244,900 purchase with $2,215/mo rent. Total monthly income registers $2,215/mo, and a $1,199/mo payment leaves $724/mo available for distribution. Annual cash flow reaches $8,690/yr on $81,184 to close, and return on cash invested stands at 30.61% in year one. Equity gained on principal adds $1,580/yr while 5% annual appreciation supports $67,661 over five years. Portfolio math shows five-year ROI at 160.17% and total cumulative return in cash at $130,037. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,215/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40353, Mount Sterling, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,016 (100%) |
| Owner Occupied HU | 5,961 (59.5%) |
| Renter Occupied HU | 3,264 (32.6%) |
| Vacant Housing Units | 791 ( 7.9%) |
| Median Home Value | $190,101 |
| Average Home Value | $242,793 |
Housing Distribution
Address Breakdown
Residential
9,390
Single Family
9,202
Multi-Family
188
Businesses
890
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Listed by: Betsy Brown • United Real Estate Bluegrass
Mls Name: Imagine MLS
Mls ID: #25017673