271 Elliott RdNew ConcordKY42076
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 271 Elliott Rd, New Concord, KY, 42076 in New Concord. Priced at $155,000, it generates $1,493/mo in gross rent and $549/mo in net monthly cash flow, a 11.56% yield that comfortably supports the 2.14 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $6,593. Five-year appreciation: $42,824. Equity from principal paydown: $1,428/yr. Total projected cumulative return: $94,098.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 9.5% |
| Monthly Cash Flow | $549 | $350 |
City averages based on New Concord market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,493 |
| Total Monthly Debt Service | $882 |
| DSCR Ratio | 1.69x |
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.
Manufactured
Built in N/A
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42076, New Concord, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 867 (100%) |
| Owner Occupied HU | 442 (51.0%) |
| Renter Occupied HU | 72 ( 8.3%) |
| Vacant Housing Units | 353 (40.7%) |
| Median Home Value | $153,125 |
| Average Home Value | $251,052 |
Housing Distribution
Address Breakdown
Residential
688
Single Family
688
Multi-Family
0
Businesses
8
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
Manufactured
Built in N/A
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42076, New Concord, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 867 (100%) |
| Owner Occupied HU | 442 (51.0%) |
| Renter Occupied HU | 72 ( 8.3%) |
| Vacant Housing Units | 353 (40.7%) |
| Median Home Value | $153,125 |
| Average Home Value | $251,052 |
Housing Distribution
Address Breakdown
Residential
688
Single Family
688
Multi-Family
0
Businesses
8
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lindy Knight • Elite Realty Branch Murray
Mls Name: WKRMLS
Mls ID: #133606
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.