707 S Chalybeate RdSmiths GroveKY42171
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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 Smiths Grove at 707 S Chalybeate Rd, Smiths Grove, KY, 42171 offers $2,963/mo rent that, after a $1,591/mo payment, leaves $985/mo cash flow. Total monthly income is $2,963/mo, and annual cash flow is $11,817/yr on $107,738 cash. Return on cash invested measures 30.88% in year one, and rental yield stands at 10.94% at a $325,000 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,792 by year five. Five-year ROI records 161.53% and total cumulative return in cash reaches $174,025. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,963/mo property income versus a $1,591/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
3.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42171, Smiths Grove, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,094 (100%) |
| Owner Occupied HU | 2,335 (75.5%) |
| Renter Occupied HU | 502 (16.2%) |
| Vacant Housing Units | 257 ( 8.3%) |
| Median Home Value | $248,910 |
| Average Home Value | $256,677 |
Housing Distribution
Address Breakdown
Residential
3,140
Single Family
3,140
Multi-Family
0
Businesses
102
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Listed by: Amanda L Hulsey • Keller Williams First Choice R
Mls Name: RASK
Mls ID: #RA20253312