3038 State Route 5AshlandKY41102
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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 3038 State Route 5, Ashland, KY, 41102 uses $55,692 cash to close to unlock $2,614/yr annual cash flow and $218/mo monthly cash flow. Total monthly income runs $1,240/mo, and a $822/mo payment keeps the spread at $218/mo. Purchase price stands at $168,000, and rental yield measures 8.86% with $1,240/mo rent. Return on cash invested shows 24.6% in year one, and 5% annual appreciation builds toward $46,415 over five years. Five-year ROI reaches 127.87% and total cumulative return in cash records $71,213. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,240/mo property income covering a $822/mo payment rather than investor’s personal income.
Single Family
Built in 1964
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41102, Ashland, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,824 (100%) |
| Owner Occupied HU | 6,043 (68.5%) |
| Renter Occupied HU | 1,869 (21.2%) |
| Vacant Housing Units | 912 (10.3%) |
| Median Home Value | $174,046 |
| Average Home Value | $191,655 |
Housing Distribution
Address Breakdown
Residential
8,278
Single Family
8,245
Multi-Family
33
Businesses
479
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Listed by: Johnda Mcguire • Realty Exchange
Mls Name: AABR
Mls Provider:
Mls ID: #58301
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.