231 Riggs AveCynthianaKY41031
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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 Cynthiana at 231 Riggs Ave, Cynthiana, KY, 41031 offers a 7.92% rental yield on a $189,900 purchase with $1,253/mo rent. Total monthly income registers $1,253/mo, and a $929/mo payment leaves $98/mo available for distribution. Annual cash flow reaches $1,172/yr on $62,952 to close, and return on cash invested stands at 21.77% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 112.7% and total cumulative return in cash at $70,949. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,253/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41031, Cynthiana, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,150 (100%) |
| Owner Occupied HU | 4,539 (63.5%) |
| Renter Occupied HU | 2,029 (28.4%) |
| Vacant Housing Units | 582 ( 8.1%) |
| Median Home Value | $216,923 |
| Average Home Value | $265,480 |
Housing Distribution
Address Breakdown
Residential
6,994
Single Family
6,891
Multi-Family
103
Businesses
491
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