523 Michigan AveElizabethtownKY42701
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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 Elizabethtown at 523 Michigan Ave, Elizabethtown, KY, 42701 offers $3,176/mo rent that, after a $3,206/mo payment. Total monthly income is $3,176/mo. Return on cash invested measures 15.55% in year one, and rental yield stands at 5.82% at a $655,000 entry. Equity gained on principal adds $4,227/yr while 5% annual appreciation compounds into $180,964 by year five. Five-year ROI records 79.29% and total cumulative return in cash reaches $170,855. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,176/mo property income versus a $3,206/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2013
0.33 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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