709 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 709 W Shelby Ave, Elkton, KY, 42220 uses $72,565 cash to close to unlock $6,530/yr annual cash flow and $544/mo monthly cash flow. Total monthly income runs $1,876/mo, and a $1,071/mo payment keeps the spread at $544/mo. Purchase price stands at $218,900, and rental yield measures 10.28% with $1,876/mo rent. Return on cash invested shows 28.91% in year one, and 5% annual appreciation builds toward $60,478 over five years. Five-year ROI reaches 151.03% and total cumulative return in cash records $109,598. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,876/mo property income covering a $1,071/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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