708 Sharon CtBereaKY40403
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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 708 Sharon Ct, Berea, KY, 40403 uses $96,135 cash to close to unlock $1,913/yr annual cash flow and $159/mo monthly cash flow. Total monthly income runs $1,924/mo, and a $1,419/mo payment keeps the spread at $159/mo. Purchase price stands at $290,000, and rental yield measures 7.96% with $1,924/mo rent. Return on cash invested shows 21.9% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 113.39% and total cumulative return in cash records $109,012. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,924/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 2000
1.15 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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Listed by: Amanda S Marcum • Berkshire Hathaway HomeServices Foster Realtors
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25009532
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