24 Observatory AveBellevueKY41073
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Nearby investment properties with comparable prices
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 Bellevue at 24 Observatory Ave, Bellevue, KY, 41073 priced at $374,900 pairs $2,473/mo rent with $191/mo cash flow after a $1,835/mo payment. Total monthly income equals $2,473/mo, and annual cash flow comes to $2,295/yr on $124,279 invested. Return on cash invested is 21.76% in year one, and rental yield stands at 7.92% on a $374,900 basis. Equity gained on principal adds $2,419/yr, and 5% annual appreciation accumulates to $103,578 by year five. Five-year ROI measures 112.64% and total cumulative return in cash reaches $139,987. For financing, Ziffy Mortgage’s DSCR program evaluates $2,473/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41073, Bellevue, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,979 (100%) |
| Owner Occupied HU | 1,911 (64.1%) |
| Renter Occupied HU | 842 (28.3%) |
| Vacant Housing Units | 226 ( 7.6%) |
| Median Home Value | $228,906 |
| Average Home Value | $278,040 |
Housing Distribution
Address Breakdown
Residential
2,927
Single Family
2,770
Multi-Family
157
Businesses
190
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