2550 Rennie RdElktonKY42220
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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 Elkton at 2550 Rennie Rd, Elkton, KY, 42220 uses $77,903 cash to close to unlock $1,584/yr annual cash flow and $132/mo monthly cash flow. Total monthly income runs $1,562/mo, and a $1,150/mo payment keeps the spread at $132/mo. Purchase price stands at $235,000, and rental yield measures 7.98% with $1,562/mo rent. Return on cash invested shows 21.94% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 113.59% and total cumulative return in cash records $88,492. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,562/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 2011
2.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42220, Elkton, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,784 (100%) |
| Owner Occupied HU | 1,850 (66.5%) |
| Renter Occupied HU | 593 (21.3%) |
| Vacant Housing Units | 341 (12.2%) |
| Median Home Value | $171,525 |
| Average Home Value | $183,912 |
Housing Distribution
Address Breakdown
Residential
2,547
Single Family
2,547
Multi-Family
0
Businesses
194
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