359 Smith LnBereaKY40403
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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
Investment property for sale in Berea at 359 Smith Ln, Berea, KY, 40403 offers a 7.88% rental yield on a $379,900 purchase with $2,495/mo rent. Total monthly income registers $2,495/mo, and a $1,859/mo payment leaves $183/mo available for distribution. Annual cash flow reaches $2,199/yr on $125,937 to close, and return on cash invested stands at 21.66% in year one. Equity gained on principal adds $2,451/yr while 5% annual appreciation supports $104,959 over five years. Portfolio math shows five-year ROI at 112.09% and total cumulative return in cash at $141,161. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,495/mo property income against a $1,859/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40403, Berea, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,224 (100%) |
| Owner Occupied HU | 7,789 (63.7%) |
| Renter Occupied HU | 3,605 (29.5%) |
| Vacant Housing Units | 830 ( 6.8%) |
| Median Home Value | $241,988 |
| Average Home Value | $265,708 |
Housing Distribution
Address Breakdown
Residential
11,527
Single Family
11,470
Multi-Family
57
Businesses
755
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