609 Ritz RdSlaughtersKY42456
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 Slaughters at 609 Ritz Rd, Slaughters, KY, 42456 priced at $295,000 converts $1,495/mo rent into after a $1,444/mo obligation. Total monthly income equals $1,495/mo. Return on cash invested prints 16.22% in year one, and rental yield reads 6.08% against a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation compiles into $81,503 by year five. Five-year ROI reaches 82.95% and total cumulative return in cash sums $81,122. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,495/mo property income covering a $1,444/mo payment, not borrower’s personal income.
Manufactured
Built in 2019
12.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42456, Slaughters, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 720 (100%) |
| Owner Occupied HU | 577 (80.1%) |
| Renter Occupied HU | 91 (12.6%) |
| Vacant Housing Units | 52 ( 7.2%) |
| Median Home Value | $175,255 |
| Average Home Value | $201,924 |
Housing Distribution
Address Breakdown
Residential
641
Single Family
641
Multi-Family
0
Businesses
15
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Nearby investment properties with comparable prices
Listed by: Josh Parish • Bhg Realty
Mls Name: MHCBOR
Mls ID: #116994
Disclaimer: Copyright Madisonville-Hopkins County Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.