229 Erwin RdAshlandKY41101
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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 Ashland at 229 Erwin Rd, Ashland, KY, 41101 earns $1,489/mo cash flow from $5,140/mo rent with a $2,936/mo payment. Total monthly income totals $5,140/mo, and annual cash flow totals $17,869/yr on $197,367 capital. ROI tracks 29.11% on current figures, and rental yield reads 10.28% at a $599,900 purchase. Equity gained on principal adds $3,871/yr, and 5% annual appreciation supports $165,741 over five years. Five-year ROI reaches 152.05% and total cumulative return in cash sums $300,100. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,140/mo property income instead of your personal income.
Single Family
Built in 1996
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41101, Ashland, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,902 (100%) |
| Owner Occupied HU | 4,399 (49.4%) |
| Renter Occupied HU | 3,299 (37.1%) |
| Vacant Housing Units | 1,204 (13.5%) |
| Median Home Value | $135,181 |
| Average Home Value | $173,053 |
Housing Distribution
Address Breakdown
Residential
8,221
Single Family
7,758
Multi-Family
463
Businesses
1,132
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Listed by: Tonja Mccloud • Re/Max Realty Connection, Llc
Mls Name: AABR
Mls Provider:
Mls ID: #57285
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.