707 W Shelby AveElktonKY42220
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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 Elkton at 707 W Shelby Ave, Elkton, KY, 42220 uses $72,897 cash to close to unlock $5,783/yr annual cash flow and $482/mo monthly cash flow. Total monthly income runs $1,820/mo, and a $1,076/mo payment keeps the spread at $482/mo. Purchase price stands at $219,900, and rental yield measures 9.93% with $1,820/mo rent. Return on cash invested shows 27.84% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 145.25% and total cumulative return in cash records $105,880. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,820/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 2025
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42220, Elkton, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,784 (100%) |
| Owner Occupied HU | 1,850 (66.5%) |
| Renter Occupied HU | 593 (21.3%) |
| Vacant Housing Units | 341 (12.2%) |
| Median Home Value | $171,525 |
| Average Home Value | $183,912 |
Housing Distribution
Address Breakdown
Residential
2,547
Single Family
2,547
Multi-Family
0
Businesses
194
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