302 3rd St, Carrollton, KY, 41008 | 6.08% Rental Yield

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302 3rd St, Carrollton, KY, 41008 | 6.08% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,162/mo, and a $1,123/mo payment. Purchase price stands at $229,500, and rental yield measures 6.08% with $1,162/mo rent. Return on cash invested shows 16.21% in year one, and 5% annual appreciation builds toward $63,407 over five years. Five-year ROI reaches 82.89% and total cumulative return in cash records $63,066. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,162/mo property income covering a $1,123/mo payment rather than investor’s personal income.

Single Family

Built in 1855

9,583 sqft lot

$N/A/sqft

No HOA

More details about the property

House For Sale 302 Third Street, Carrollton, KY 41008 Located in the Carrollton Historic District this 3200 square foot home was built in the 1850s, solid brick and stone and a later addition built in the early 1900s. The lot size of 75 x 133 at the corner of Third and sycamore Streets and about the halfway point between Louisville, KY and Cincinnati, Ohio just off of Interstate 71. Walking distance to the KY and Ohio rivers and Point Park. General Butler State Park is less than a mile away and Clifty Falls State Park, Madison, IN is about 15 miles away.. This house has three bedrooms and one bathroom, large rooms and could possibly be made into 5 bedrooms or more, hardwood floors, 12 foot ceilings and some lowered, the front rooms were opened up for a Music Store business for over 50 years.. and the lower basement area has two outside entrances and was a wood workshop for many years. Central air and heating.. This house offers many possibilities, for a home or a business in this great river town location. $ 229,500.00 By Appointment only. 822-801-7867 or 770-547-7441

Neighborhood Data

Neighborhood data shown for ZIP Code: 41008, Carrollton, KY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,272 (100%)
Owner Occupied HU	1,716 (52.4%)
Renter Occupied HU	1,221 (37.3%)
Vacant Housing Units	335 (10.2%)
Median Home Value	$172,917
Average Home Value	$209,486