231 Broadway StSmiths GroveKY42171
Nearby investment properties with comparable rents
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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
Rental property for sale in Smiths Grove at 231 Broadway St, Smiths Grove, KY, 42171 offers $1,111/mo rent that, after a $1,713/mo payment. Total monthly income is $1,111/mo. Return on cash invested measures 9.37% in year one, and rental yield stands at 3.81% at a $349,900 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,671 by year five. Five-year ROI records 46.22% and total cumulative return in cash reaches $53,610. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,111/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.43 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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Nearby investment properties with comparable prices
Listed by: Shannon M Hunt • Coldwell Banker Legacy Group
Mls Name: RASK
Mls ID: #RA20260115