610 Ice RdBostonKY40107
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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 Boston at 610 Ice Rd, Boston, KY, 40107 priced at $359,500 converts $2,939/mo rent into $751/mo cash flow after a $1,760/mo obligation. Total monthly income equals $2,939/mo, and annual cash flow totals $9,007/yr on $119,174 invested. Return on cash invested prints 27.47% in year one, and rental yield reads 9.81% against a $359,500 entry. Equity gained on principal adds $2,320/yr, while 5% annual appreciation compiles into $99,323 by year five. Five-year ROI reaches 143.25% and total cumulative return in cash sums $170,720. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,939/mo property income covering a $1,760/mo payment, not borrower’s personal income.
Single Family
Built in 2019
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40107, Boston, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,025 (100%) |
| Owner Occupied HU | 780 (76.1%) |
| Renter Occupied HU | 123 (12.0%) |
| Vacant Housing Units | 122 (11.9%) |
| Median Home Value | $237,559 |
| Average Home Value | $261,112 |
Housing Distribution
Address Breakdown
Residential
938
Single Family
938
Multi-Family
0
Businesses
22
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