2608 Monroe StAshlandKY41102
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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
Rental property for sale in Ashland at 2608 Monroe St, Ashland, KY, 41102 priced at $129,900 converts $1,151/mo rent into $360/mo cash flow after a $636/mo obligation. Total monthly income equals $1,151/mo, and annual cash flow totals $4,322/yr on $43,062 invested. Return on cash invested prints 29.95% in year one, and rental yield reads 10.63% against a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation compiles into $35,889 by year five. Five-year ROI reaches 156.63% and total cumulative return in cash sums $67,447. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,151/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in N/A
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41102, Ashland, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,824 (100%) |
| Owner Occupied HU | 6,043 (68.5%) |
| Renter Occupied HU | 1,869 (21.2%) |
| Vacant Housing Units | 912 (10.3%) |
| Median Home Value | $174,046 |
| Average Home Value | $191,655 |
Housing Distribution
Address Breakdown
Residential
8,278
Single Family
8,245
Multi-Family
33
Businesses
479
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Listed by: Ervena Howard-Kiser • Advantage Plus Realty
Mls Name: AABR
Mls Provider:
Mls ID: #58182
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