504 Hanover CtElizabethtownKY42701
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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 Elizabethtown at 504 Hanover Ct, Elizabethtown, KY, 42701 offers a 8.24% rental yield on a $209,500 purchase with $1,438/mo rent. Total monthly income registers $1,438/mo, and a $1,025/mo payment leaves $163/mo available for distribution. Annual cash flow reaches $1,960/yr on $69,449 to close, and return on cash invested stands at 22.73% in year one. Equity gained on principal adds $1,352/yr while 5% annual appreciation supports $57,881 over five years. Portfolio math shows five-year ROI at 117.86% and total cumulative return in cash at $81,855. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,438/mo property income against a $1,025/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42701, Elizabethtown, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,939 (100%) |
| Owner Occupied HU | 14,459 (58.0%) |
| Renter Occupied HU | 8,441 (33.8%) |
| Vacant Housing Units | 2,039 ( 8.2%) |
| Median Home Value | $285,806 |
| Average Home Value | $315,613 |
Housing Distribution
Address Breakdown
Residential
23,162
Single Family
22,694
Multi-Family
468
Businesses
1,879
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Listed by: Stephanie Wade • RE/MAX Executive Group, Inc.
Mls Name: GLARMLS
Mls ID: #1699121