422 New Grove RdSmiths GroveKY42171
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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 Smiths Grove at 422 New Grove Rd, Smiths Grove, KY, 42171 uses $43,924 cash to close to unlock $2,725/yr annual cash flow and $227/mo monthly cash flow. Total monthly income runs $1,034/mo, and a $649/mo payment keeps the spread at $227/mo. Purchase price stands at $132,500, and rental yield measures 9.36% with $1,034/mo rent. Return on cash invested shows 26.11% in year one, and 5% annual appreciation builds toward $36,607 over five years. Five-year ROI reaches 136.1% and total cumulative return in cash records $59,780. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,034/mo property income covering a $649/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42171, Smiths Grove, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,094 (100%) |
| Owner Occupied HU | 2,335 (75.5%) |
| Renter Occupied HU | 502 (16.2%) |
| Vacant Housing Units | 257 ( 8.3%) |
| Median Home Value | $248,910 |
| Average Home Value | $256,677 |
Housing Distribution
Address Breakdown
Residential
3,140
Single Family
3,140
Multi-Family
0
Businesses
102
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Listed by: Greg L Raymer • NextHome Realty Experts
Mls Name: RASK
Mls ID: #RA20255889