3024 Carter AveAshlandKY41101
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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 Ashland at 3024 Carter Ave, Ashland, KY, 41101 uses $46,377 cash to close to unlock $2,655/yr annual cash flow and $221/mo monthly cash flow. Total monthly income runs $1,073/mo, and a $685/mo payment keeps the spread at $221/mo. Purchase price stands at $139,900, and rental yield measures 9.2% with $1,073/mo rent. Return on cash invested shows 25.63% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 133.5% and total cumulative return in cash records $61,911. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,073/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in N/A
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41101, Ashland, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,902 (100%) |
| Owner Occupied HU | 4,399 (49.4%) |
| Renter Occupied HU | 3,299 (37.1%) |
| Vacant Housing Units | 1,204 (13.5%) |
| Median Home Value | $135,181 |
| Average Home Value | $173,053 |
Housing Distribution
Address Breakdown
Residential
8,221
Single Family
7,758
Multi-Family
463
Businesses
1,132
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Listed by: DIANA RULEY • DEE'S REAL ESTATE SERVICE
Mls Name: AABR
Mls Provider:
Mls ID: #58912
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.