508 Alice LnScience HillKY42553
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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
Rental property for sale in Science Hill at 508 Alice Ln, Science Hill, KY, 42553 priced at $340,000 converts $1,069/mo rent into after a $1,664/mo obligation. Total monthly income equals $1,069/mo. Return on cash invested prints 9.26% in year one, and rental yield reads 3.77% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 45.6% and total cumulative return in cash sums $51,390. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,069/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42553, Science Hill, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,448 (100%) |
| Owner Occupied HU | 1,660 (67.8%) |
| Renter Occupied HU | 488 (19.9%) |
| Vacant Housing Units | 300 (12.3%) |
| Median Home Value | $187,195 |
| Average Home Value | $259,854 |
Housing Distribution
Address Breakdown
Residential
2,162
Single Family
2,162
Multi-Family
0
Businesses
67
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Listed by: Michael Dobbs • CENTURY 21 Advantage Realty
Mls Name: Imagine MLS
Mls ID: #25506925