513 Lee RdElizabethtownKY42701
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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 513 Lee Rd, Elizabethtown, KY, 42701 uses $61,957 cash to close to unlock $3,243/yr annual cash flow and $270/mo monthly cash flow. Total monthly income runs $1,408/mo, and a $915/mo payment keeps the spread at $270/mo. Purchase price stands at $186,900, and rental yield measures 9.04% with $1,408/mo rent. Return on cash invested shows 25.14% in year one, and 5% annual appreciation builds toward $51,637 over five years. Five-year ROI reaches 130.83% and total cumulative return in cash records $81,059. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,408/mo property income covering a $915/mo payment rather than investor’s personal income.
Single Family
Built in 1953
6,969 sqft 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: Josh Higgason • ELITE REALTY GROUP
Mls Name: HKMLS
Mls Provider:
Mls ID: #HK25003462
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.