516 E Washington StElktonKY42220
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Elkton at 516 E Washington St, Elkton, KY, 42220 offers $1,841/mo rent that, after a $994/mo payment, leaves $605/mo cash flow. Total monthly income is $1,841/mo, and annual cash flow is $7,261/yr on $67,295 cash. Return on cash invested measures 30.7% in year one, and rental yield stands at 10.88% at a $203,000 entry. Equity gained on principal adds $1,310/yr while 5% annual appreciation compounds into $56,085 by year five. Five-year ROI records 160.63% and total cumulative return in cash reaches $108,098. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,841/mo property income versus a $994/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42220, Elkton, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,784 (100%) |
| Owner Occupied HU | 1,850 (66.5%) |
| Renter Occupied HU | 593 (21.3%) |
| Vacant Housing Units | 341 (12.2%) |
| Median Home Value | $171,525 |
| Average Home Value | $183,912 |
Housing Distribution
Address Breakdown
Residential
2,547
Single Family
2,547
Multi-Family
0
Businesses
194
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