488 W Main StAuburnKY42206
Nearby investment properties with comparable rents
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
Rental property for sale in Auburn at 488 W Main St, Auburn, KY, 42206 priced at $275,500 pairs $1,691/mo rent with $15/mo cash flow after a $1,348/mo payment. Total monthly income equals $1,691/mo, and annual cash flow comes to $176/yr on $91,328 invested. Return on cash invested is 20.1% in year one, and rental yield stands at 7.37% on a $275,500 basis. Equity gained on principal adds $1,778/yr, and 5% annual appreciation accumulates to $76,116 by year five. Five-year ROI measures 103.74% and total cumulative return in cash reaches $94,740. For financing, Ziffy Mortgage’s DSCR program evaluates $1,691/mo property income against a $1,348/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1932
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42206, Auburn, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,535 (100%) |
| Owner Occupied HU | 1,778 (70.1%) |
| Renter Occupied HU | 578 (22.8%) |
| Vacant Housing Units | 179 ( 7.1%) |
| Median Home Value | $173,171 |
| Average Home Value | $208,715 |
Housing Distribution
Address Breakdown
Residential
2,319
Single Family
2,319
Multi-Family
0
Businesses
93
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kara H Keehan • Haley Auctions and Realty
Mls Name: RASK
Mls Provider:
Mls ID: #RA20253237
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.