24 Observatory AveBellevueKY41073
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe cash-flow margin at 24 Observatory Ave, Bellevue, KY, 41073 in Bellevue is narrow, $191/mo net on $2,473/mo rent after the $1,686/mo debt service, but the property operates at break-even-plus, not a loss. At $374,900 with a 7.92% yield, the long-run equity case via 5% appreciation ($103,578 over five years) and $3,453/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.47 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $154,331.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 8.5% |
| Monthly Cash Flow | $191 | $850 |
City averages based on Bellevue market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,473 |
| Total Monthly Debt Service | $2,133 |
| DSCR Ratio | 1.16x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices