224 N Miles StElizabethtownKY42701
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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 Elizabethtown at 224 N Miles St, Elizabethtown, KY, 42701 with 5% annual appreciation on a $240,500 basis while $2,100/mo rent supports operations. Total monthly income totals $2,100/mo and a $1,177/mo payment preserves $636/mo for cash returns. Annual cash flow comes to $7,637/yr on $79,726 deployed, and return on cash invested reaches 29.49% in year one. Equity gained on principal adds $1,552/yr, and five-year appreciation sums $66,446 alongside rental yield of 10.48%. Five-year ROI measures 154.12% and total cumulative return in cash totals $122,871.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,100/mo property income versus a $1,177/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1929
8,058 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42701, Elizabethtown, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,939 (100%) |
| Owner Occupied HU | 14,459 (58.0%) |
| Renter Occupied HU | 8,441 (33.8%) |
| Vacant Housing Units | 2,039 ( 8.2%) |
| Median Home Value | $285,806 |
| Average Home Value | $315,613 |
Housing Distribution
Address Breakdown
Residential
23,162
Single Family
22,694
Multi-Family
468
Businesses
1,879
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Listed by: N/A • N/A
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