790 Eagle Rest DrGrand RiversKY42045
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 3.06% gross rental yield, 790 Eagle Rest Dr, Grand Rivers, KY, 42045 in Grand Rivers is priced for capital growth, not immediate cash flow. The $459,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $126,813 by year five, with $4,227/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.57) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $69,412.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.1% | 7.5% |
| Monthly Cash Flow | $(1,624) | $850 |
City averages based on Grand Rivers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,170 |
| Total Monthly Debt Service | $2,611 |
| DSCR Ratio | 0.45x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42045, Grand Rivers, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,259 (100%) |
| Owner Occupied HU | 784 (62.3%) |
| Renter Occupied HU | 192 (15.3%) |
| Vacant Housing Units | 283 (22.5%) |
| Median Home Value | $122,965 |
| Average Home Value | $185,517 |
Housing Distribution
Address Breakdown
Residential
1,053
Single Family
1,053
Multi-Family
0
Businesses
98
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42045, Grand Rivers, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,259 (100%) |
| Owner Occupied HU | 784 (62.3%) |
| Renter Occupied HU | 192 (15.3%) |
| Vacant Housing Units | 283 (22.5%) |
| Median Home Value | $122,965 |
| Average Home Value | $185,517 |
Housing Distribution
Address Breakdown
Residential
1,053
Single Family
1,053
Multi-Family
0
Businesses
98
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ella Burgess • Arnold Realty Group
Mls Name: WKRMLS
Mls ID: #124362