808 Washington AveOak GroveKY42262
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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 Oak Grove at 808 Washington Ave, Oak Grove, KY, 42262 offers a 8.46% rental yield on a $209,900 purchase with $1,480/mo rent. Total monthly income registers $1,480/mo, and a $1,027/mo payment leaves $203/mo available for distribution. Annual cash flow reaches $2,434/yr on $69,582 to close, and return on cash invested stands at 23.41% in year one. Equity gained on principal adds $1,354/yr while 5% annual appreciation supports $57,992 over five years. Portfolio math shows five-year ROI at 121.46% and total cumulative return in cash at $84,512. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,480/mo property income against a $1,027/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42262, Oak Grove, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,730 (100%) |
| Owner Occupied HU | 1,278 (34.3%) |
| Renter Occupied HU | 2,053 (55.0%) |
| Vacant Housing Units | 399 (10.7%) |
| Median Home Value | $173,397 |
| Average Home Value | $203,343 |
Housing Distribution
Address Breakdown
Residential
3,794
Single Family
3,794
Multi-Family
0
Businesses
225
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