40 Parkside DrFlorenceKY41042
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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 Florence at 40 Parkside Dr, Florence, KY, 41042 listed at $250,000 pairs $1,859/mo rent with a $1,224/mo payment to leave $337/mo cash flow. Total monthly income runs $1,859/mo, and annual cash flow reaches $4,045/yr on $82,875 cash to close. Return on cash invested measures 24.79% in year one, and rental yield registers 8.92% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 128.92% and total cumulative return in cash totals $106,846. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,859/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1998
N/A 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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