402 S Elmarch AveCynthianaKY41031
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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 Cynthiana at 402 S Elmarch Ave, Cynthiana, KY, 41031 uses $131,937 cash to close to unlock $6,021/yr annual cash flow and $502/mo monthly cash flow. Total monthly income runs $2,924/mo, and a $1,948/mo payment keeps the spread at $502/mo. Purchase price stands at $398,000, and rental yield measures 8.82% with $2,924/mo rent. Return on cash invested shows 24.47% in year one, and 5% annual appreciation builds toward $109,960 over five years. Five-year ROI reaches 127.17% and total cumulative return in cash records $167,784. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,924/mo property income covering a $1,948/mo payment rather than investor’s personal income.
Single Family
Built in 1922
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41031, Cynthiana, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,150 (100%) |
| Owner Occupied HU | 4,539 (63.5%) |
| Renter Occupied HU | 2,029 (28.4%) |
| Vacant Housing Units | 582 ( 8.1%) |
| Median Home Value | $216,923 |
| Average Home Value | $265,480 |
Housing Distribution
Address Breakdown
Residential
6,994
Single Family
6,891
Multi-Family
103
Businesses
491
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Listed by: Tony Giglio • Listwithfreedom.Com
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #22023443
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.