311 Washington AveProvidenceKY42450
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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 Providence at 311 Washington Ave, Providence, KY, 42450 at $159,000 posts ROI 32.33% with $546/mo cash flow from $1,513/mo rent. Total monthly income equals $1,513/mo, and annual cash flow records $6,546/yr on $52,709 to close. Return on cash invested measures 32.33% and rental yield reads 11.42% at the current $159,000. Equity gained on principal adds $1,026/yr, and 5% annual appreciation supports $43,929 by year five. Five-year ROI prints 169.34% and total cumulative return in cash totals $89,256.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,513/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1990
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42450, Providence, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,893 (100%) |
| Owner Occupied HU | 1,137 (60.1%) |
| Renter Occupied HU | 452 (23.9%) |
| Vacant Housing Units | 304 (16.1%) |
| Median Home Value | $75,879 |
| Average Home Value | $135,204 |
Housing Distribution
Address Breakdown
Residential
1,806
Single Family
1,780
Multi-Family
26
Businesses
143
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Listed by: Landon Black • BHG Realty
Mls Name: HAMLS
Mls ID: #260011