509 Middletown AveAshlandKY41102
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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 Ashland at 509 Middletown Ave, Ashland, KY, 41102 uses $44,719 cash to close to unlock $2,583/yr annual cash flow and $215/mo monthly cash flow. Total monthly income runs $1,036/mo, and a $660/mo payment keeps the spread at $215/mo. Purchase price stands at $134,900, and rental yield measures 9.22% with $1,036/mo rent. Return on cash invested shows 25.68% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 133.78% and total cumulative return in cash records $59,825. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,036/mo property income covering a $660/mo payment rather than investor’s personal income.
Single Family
Built in N/A
9,375 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41102, Ashland, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,824 (100%) |
| Owner Occupied HU | 6,043 (68.5%) |
| Renter Occupied HU | 1,869 (21.2%) |
| Vacant Housing Units | 912 (10.3%) |
| Median Home Value | $174,046 |
| Average Home Value | $191,655 |
Housing Distribution
Address Breakdown
Residential
8,278
Single Family
8,245
Multi-Family
33
Businesses
479
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