3035 Old Monticello RdAlbanyKY42602
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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 Albany at 3035 Old Monticello Rd, Albany, KY, 42602 offers a 9.95% rental yield on a $139,000 purchase with $1,152/mo rent. Total monthly income registers $1,152/mo, and a $680/mo payment leaves $306/mo available for distribution. Annual cash flow reaches $3,676/yr on $46,079 to close, and return on cash invested stands at 27.89% in year one. Equity gained on principal adds $897/yr while 5% annual appreciation supports $38,403 over five years. Portfolio math shows five-year ROI at 145.54% and total cumulative return in cash at $67,064. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,152/mo property income against a $680/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42602, Albany, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,682 (100%) |
| Owner Occupied HU | 2,700 (57.7%) |
| Renter Occupied HU | 1,075 (23.0%) |
| Vacant Housing Units | 907 (19.4%) |
| Median Home Value | $115,265 |
| Average Home Value | $150,402 |
Housing Distribution
Address Breakdown
Residential
4,364
Single Family
4,364
Multi-Family
0
Businesses
425
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