290 3rd StElizabethtownKY42701
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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 Elizabethtown at 290 3rd St, Elizabethtown, KY, 42701 uses $62,952 cash to close to unlock $6,164/yr annual cash flow and $514/mo monthly cash flow. Total monthly income runs $1,669/mo, and a $929/mo payment keeps the spread at $514/mo. Purchase price stands at $189,900, and rental yield measures 10.55% with $1,669/mo rent. Return on cash invested shows 29.7% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 155.21% and total cumulative return in cash records $97,709. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,669/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1985
2.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42701, Elizabethtown, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,939 (100%) |
| Owner Occupied HU | 14,459 (58.0%) |
| Renter Occupied HU | 8,441 (33.8%) |
| Vacant Housing Units | 2,039 ( 8.2%) |
| Median Home Value | $285,806 |
| Average Home Value | $315,613 |
Housing Distribution
Address Breakdown
Residential
23,162
Single Family
22,694
Multi-Family
468
Businesses
1,879
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Listed by: Jayme S Burden • United Real Estate Louisville
Mls Name: RASK
Mls ID: #RA20256290