304 Central AveElizabethtownKY42701
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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 Elizabethtown at 304 Central Ave, Elizabethtown, KY, 42701 uses $92,820 cash to close to unlock $4,048/yr annual cash flow and $337/mo monthly cash flow. Total monthly income runs $2,041/mo, and a $1,370/mo payment keeps the spread at $337/mo. Purchase price stands at $280,000, and rental yield measures 8.75% with $2,041/mo rent. Return on cash invested shows 24.27% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 126.11% and total cumulative return in cash records $117,057. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,041/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1903
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42701, Elizabethtown, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,939 (100%) |
| Owner Occupied HU | 14,459 (58.0%) |
| Renter Occupied HU | 8,441 (33.8%) |
| Vacant Housing Units | 2,039 ( 8.2%) |
| Median Home Value | $285,806 |
| Average Home Value | $315,613 |
Housing Distribution
Address Breakdown
Residential
23,162
Single Family
22,694
Multi-Family
468
Businesses
1,879
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Listed by: Todd Edlin • BEST REALTY
Mls Name: HKMLS
Mls ID: #HK25000154