2394 Grider Hill Dock RdAlbanyKY42602
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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 Albany at 2394 Grider Hill Dock Rd, Albany, KY, 42602 listed at $635,900 pairs $1,313/mo rent with a $3,112/mo payment. Total monthly income runs $1,313/mo. Return on cash invested measures 5.4% in year one, and rental yield registers 2.48% at a $635,900 basis. Equity gained on principal adds $4,103/yr, and annual property appreciation at 5% supports $175,687 by year five. Five-year ROI tracks 24.86% and total cumulative return in cash totals $52,011. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,313/mo property income relative to a $3,112/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in N/A
8 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42602, Albany, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,682 (100%) |
| Owner Occupied HU | 2,700 (57.7%) |
| Renter Occupied HU | 1,075 (23.0%) |
| Vacant Housing Units | 907 (19.4%) |
| Median Home Value | $115,265 |
| Average Home Value | $150,402 |
Housing Distribution
Address Breakdown
Residential
4,364
Single Family
4,364
Multi-Family
0
Businesses
425
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