294 Riverchase DrMount WashingtonKY40047
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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 Mount Washington at 294 Riverchase Dr, Mount Washington, KY, 40047 priced at $595,000 converts $2,546/mo rent into after a $2,912/mo obligation. Total monthly income equals $2,546/mo. Return on cash invested prints 13.47% in year one, and rental yield reads 5.13% against a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation compiles into $164,388 by year five. Five-year ROI reaches 68.14% and total cumulative return in cash sums $133,382. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,546/mo property income covering a $2,912/mo payment, not borrower’s personal income.
Single Family
Built in 2023
1.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40047, Mount Washington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,602 (100%) |
| Owner Occupied HU | 8,016 (83.5%) |
| Renter Occupied HU | 1,346 (14.0%) |
| Vacant Housing Units | 240 ( 2.5%) |
| Median Home Value | $307,108 |
| Average Home Value | $347,621 |
Housing Distribution
Address Breakdown
Residential
9,736
Single Family
9,574
Multi-Family
162
Businesses
497
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Listed by: Eric Scroggin • RE/MAX Results
Mls Name: GLARMLS
Mls ID: #1702307