315 Emerald WaySmiths GroveKY42171
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Smiths Grove at 315 Emerald Way, Smiths Grove, KY, 42171 priced at $389,000 converts $2,034/mo rent into after a $1,904/mo obligation. Total monthly income equals $2,034/mo. Return on cash invested prints 16.8% in year one, and rental yield reads 6.27% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 86.07% and total cumulative return in cash sums $110,994. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,034/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Single Family
Built in 2008
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42171, Smiths Grove, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,094 (100%) |
| Owner Occupied HU | 2,335 (75.5%) |
| Renter Occupied HU | 502 (16.2%) |
| Vacant Housing Units | 257 ( 8.3%) |
| Median Home Value | $248,910 |
| Average Home Value | $256,677 |
Housing Distribution
Address Breakdown
Residential
3,140
Single Family
3,140
Multi-Family
0
Businesses
102
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Sample-Brown • Berkshire Hathaway HomeServices
Mls Name: RASK
Mls Provider:
Mls ID: #RA20251997
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.