605 Elm StRavennaKY40472
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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 Ravenna at 605 Elm St, Ravenna, KY, 40472 uses $56,322 cash to close to unlock $6,954/yr annual cash flow and $580/mo monthly cash flow. Total monthly income runs $1,614/mo, and a $832/mo payment keeps the spread at $580/mo. Purchase price stands at $169,900, and rental yield measures 11.4% with $1,614/mo rent. Return on cash invested shows 32.26% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 168.94% and total cumulative return in cash records $95,150. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,614/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in N/A
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40472, Ravenna, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 678 (100%) |
| Owner Occupied HU | 445 (65.6%) |
| Renter Occupied HU | 127 (18.7%) |
| Vacant Housing Units | 106 (15.6%) |
| Median Home Value | $95,179 |
| Average Home Value | $112,904 |
Housing Distribution
Address Breakdown
Residential
745
Single Family
736
Multi-Family
9
Businesses
38
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Listed by: Terri Kelly • Keller Williams Legacy Group
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25009850
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.