229 Carnes RdSmiths GroveKY42171
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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 Smiths Grove at 229 Carnes Rd, Smiths Grove, KY, 42171 uses $97,793 cash to close to unlock $3,462/yr annual cash flow and $288/mo monthly cash flow. Total monthly income runs $2,084/mo, and a $1,444/mo payment keeps the spread at $288/mo. Purchase price stands at $295,000, and rental yield measures 8.48% with $2,084/mo rent. Return on cash invested shows 23.45% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 121.7% and total cumulative return in cash records $119,018. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,084/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 2017
1.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42171, Smiths Grove, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,094 (100%) |
| Owner Occupied HU | 2,335 (75.5%) |
| Renter Occupied HU | 502 (16.2%) |
| Vacant Housing Units | 257 ( 8.3%) |
| Median Home Value | $248,910 |
| Average Home Value | $256,677 |
Housing Distribution
Address Breakdown
Residential
3,140
Single Family
3,140
Multi-Family
0
Businesses
102
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Listed by: Amanda Harris-Keel • EXP Realty LLC
Mls Name: RASK
Mls Provider:
Mls ID: #RA20242816
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.