497 Oak Creek DrMount WashingtonKY40047
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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 Mount Washington at 497 Oak Creek Dr, Mount Washington, KY, 40047 with 5% annual appreciation on a $499,000 basis while $3,932/mo rent supports operations. Total monthly income totals $3,932/mo and a $2,442/mo payment preserves $895/mo for cash returns. Annual cash flow comes to $10,744/yr on $165,419 deployed, and return on cash invested reaches 26.4% in year one. Equity gained on principal adds $3,220/yr, and five-year appreciation sums $137,865 alongside rental yield of 9.46%. Five-year ROI measures 137.55% and total cumulative return in cash totals $227,526.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,932/mo property income versus a $2,442/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2003
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40047, Mount Washington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,602 (100%) |
| Owner Occupied HU | 8,016 (83.5%) |
| Renter Occupied HU | 1,346 (14.0%) |
| Vacant Housing Units | 240 ( 2.5%) |
| Median Home Value | $307,108 |
| Average Home Value | $347,621 |
Housing Distribution
Address Breakdown
Residential
9,736
Single Family
9,574
Multi-Family
162
Businesses
497
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Listed by: Gregory W Virgin • First Saturday Real Estate
Mls Name: GLARMLS
Mls ID: #1705164