218 Allensville StElktonKY42220
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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 Elkton at 218 Allensville St, Elkton, KY, 42220 uses $56,024 cash to close to unlock $2,731/yr annual cash flow and $228/mo monthly cash flow. Total monthly income runs $1,256/mo, and a $827/mo payment keeps the spread at $228/mo. Purchase price stands at $169,000, and rental yield measures 8.92% with $1,256/mo rent. Return on cash invested shows 24.78% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 128.87% and total cumulative return in cash records $72,199. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,256/mo property income covering a $827/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42220, Elkton, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,784 (100%) |
| Owner Occupied HU | 1,850 (66.5%) |
| Renter Occupied HU | 593 (21.3%) |
| Vacant Housing Units | 341 (12.2%) |
| Median Home Value | $171,525 |
| Average Home Value | $183,912 |
Housing Distribution
Address Breakdown
Residential
2,547
Single Family
2,547
Multi-Family
0
Businesses
194
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Listed by: Tim Beck • Property Investment Solutions
Mls Name: WKRMLS
Mls ID: #130829
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.