423 2nd StNew HavenKY40051
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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 New Haven at 423 2nd St, New Haven, KY, 40051 at $169,000 posts ROI 33.63% with $641/mo cash flow from $1,669/mo rent. Total monthly income equals $1,669/mo, and annual cash flow records $7,687/yr on $56,024 to close. Return on cash invested measures 33.63% and rental yield reads 11.85% at the current $169,000. Equity gained on principal adds $1,091/yr, and 5% annual appreciation supports $46,692 by year five. Five-year ROI prints 176.3% and total cumulative return in cash totals $98,767.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,669/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1976
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40051, New Haven, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,045 (100%) |
| Owner Occupied HU | 1,501 (73.4%) |
| Renter Occupied HU | 369 (18.0%) |
| Vacant Housing Units | 175 ( 8.6%) |
| Median Home Value | $237,238 |
| Average Home Value | $262,980 |
Housing Distribution
Address Breakdown
Residential
1,839
Single Family
1,839
Multi-Family
0
Businesses
55
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Listed by: Ashley D Milby • United Real Estate Louisville - Elizabethtown
Mls Name: HKMLS
Mls Provider:
Mls ID: #HK25000366
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.