606 Prospect StBereaKY40403
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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 Berea at 606 Prospect St, Berea, KY, 40403 uses $61,294 cash to close to unlock $4,220/yr annual cash flow and $352/mo monthly cash flow. Total monthly income runs $1,477/mo, and a $905/mo payment keeps the spread at $352/mo. Purchase price stands at $184,900, and rental yield measures 9.59% with $1,477/mo rent. Return on cash invested shows 26.79% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 139.66% and total cumulative return in cash records $85,603. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,477/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1961
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40403, Berea, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,224 (100%) |
| Owner Occupied HU | 7,789 (63.7%) |
| Renter Occupied HU | 3,605 (29.5%) |
| Vacant Housing Units | 830 ( 6.8%) |
| Median Home Value | $241,988 |
| Average Home Value | $265,708 |
Housing Distribution
Address Breakdown
Residential
11,527
Single Family
11,470
Multi-Family
57
Businesses
755
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