241 Main StFlorenceKY41042
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
Investment Highlights
Rental property for sale in Florence at 241 Main St, Florence, KY, 41042 priced at $385,000 converts $2,940/mo rent into $597/mo cash flow after a $1,884/mo obligation. Total monthly income equals $2,940/mo, and annual cash flow totals $7,167/yr on $127,628 invested. Return on cash invested prints 25.52% in year one, and rental yield reads 9.16% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 132.84% and total cumulative return in cash sums $169,546. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,940/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Multi Family
Built in 1840
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41042, Florence, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,664 (100%) |
| Owner Occupied HU | 13,975 (59.1%) |
| Renter Occupied HU | 8,544 (36.1%) |
| Vacant Housing Units | 1,145 ( 4.8%) |
| Median Home Value | $243,210 |
| Average Home Value | $262,135 |
Housing Distribution
Address Breakdown
Residential
22,976
Single Family
16,237
Multi-Family
6,739
Businesses
2,027
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices