418 Richardson RdGreenvilleKY42345
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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 Greenville at 418 Richardson Rd, Greenville, KY, 42345 priced at $120,000 converts $570/mo rent into after a $587/mo obligation. Total monthly income equals $570/mo. Return on cash invested prints 15.08% in year one, and rental yield reads 5.7% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 76.82% and total cumulative return in cash sums $30,559. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $570/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1946
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42345, Greenville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,924 (100%) |
| Owner Occupied HU | 3,379 (68.6%) |
| Renter Occupied HU | 1,019 (20.7%) |
| Vacant Housing Units | 526 (10.7%) |
| Median Home Value | $155,511 |
| Average Home Value | $185,459 |
Housing Distribution
Address Breakdown
Residential
4,644
Single Family
4,620
Multi-Family
24
Businesses
309
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Listed by: James Adkins • BHG Realty
Mls Name: Greater Owensboro Realtor Association
Mls ID: #93246