34 Shelby StFlorenceKY41042
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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
Rental property for sale in Florence at 34 Shelby St, Florence, KY, 41042 priced at $299,900 pairs $2,940/mo rent with $1,115/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,940/mo, and annual cash flow comes to $13,375/yr on $99,417 invested. Return on cash invested is 33.36% in year one, and rental yield stands at 11.76% on a $299,900 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,857 by year five. Five-year ROI measures 174.87% and total cumulative return in cash reaches $173,848. For financing, Ziffy Mortgage’s DSCR program evaluates $2,940/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1960
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41042, Florence, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,664 (100%) |
| Owner Occupied HU | 13,975 (59.1%) |
| Renter Occupied HU | 8,544 (36.1%) |
| Vacant Housing Units | 1,145 ( 4.8%) |
| Median Home Value | $243,210 |
| Average Home Value | $262,135 |
Housing Distribution
Address Breakdown
Residential
22,976
Single Family
16,237
Multi-Family
6,739
Businesses
2,027
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Listed by: Jennifer Harris • RE/MAX Victory + Affiliates
Mls Name: NKMLS
Mls Provider:
Mls ID: #627086
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