2377 Terrace CtHendersonKY42420
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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 Henderson at 2377 Terrace Ct, Henderson, KY, 42420 uses $85,527 cash to close to unlock $10,435/yr annual cash flow and $870/mo monthly cash flow. Total monthly income runs $2,440/mo, and a $1,263/mo payment keeps the spread at $870/mo. Purchase price stands at $258,000, and rental yield measures 11.35% with $2,440/mo rent. Return on cash invested shows 32.11% in year one, and 5% annual appreciation builds toward $71,281 over five years. Five-year ROI reaches 168.15% and total cumulative return in cash records $143,810. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,440/mo property income covering a $1,263/mo payment rather than investor’s personal income.
Single Family
Built in 1992
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42420, Henderson, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,891 (100%) |
| Owner Occupied HU | 9,402 (55.7%) |
| Renter Occupied HU | 6,001 (35.5%) |
| Vacant Housing Units | 1,488 ( 8.8%) |
| Median Home Value | $184,333 |
| Average Home Value | $221,084 |
Housing Distribution
Address Breakdown
Residential
16,406
Single Family
14,677
Multi-Family
1,729
Businesses
1,037
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