254 N Main StMount OlivetKY41064
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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 Mount Olivet at 254 N Main St, Mount Olivet, KY, 41064 uses $74,588 cash to close to unlock $7,258/yr annual cash flow and $605/mo monthly cash flow. Total monthly income runs $1,974/mo, and a $1,101/mo payment keeps the spread at $605/mo. Purchase price stands at $225,000, and rental yield measures 10.53% with $1,974/mo rent. Return on cash invested shows 29.64% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 154.9% and total cumulative return in cash records $115,533. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,974/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1915
27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41064, Mount Olivet, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 979 (100%) |
| Owner Occupied HU | 669 (68.3%) |
| Renter Occupied HU | 169 (17.3%) |
| Vacant Housing Units | 141 (14.4%) |
| Median Home Value | $205,469 |
| Average Home Value | $261,484 |
Housing Distribution
Address Breakdown
Residential
729
Single Family
729
Multi-Family
0
Businesses
48
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Listed by: Jon Lykins • Boone Real Estate
Mls Name: Buffalo Trace MLS
Mls ID: #43616
Disclaimer: Copyright Buffalo Trace Multi List Service. All rights reserved. Information is deemed reliable but not guaranteed.