88 Washington DrAlmoKY42020
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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
Rental property for sale in Almo at 88 Washington Dr, Almo, KY, 42020 priced at $258,000 converts $2,122/mo rent into $552/mo cash flow after a $1,263/mo obligation. Total monthly income equals $2,122/mo, and annual cash flow totals $6,619/yr on $85,527 invested. Return on cash invested prints 27.65% in year one, and rental yield reads 9.87% against a $258,000 entry. Equity gained on principal adds $1,665/yr, while 5% annual appreciation compiles into $71,281 by year five. Five-year ROI reaches 144.22% and total cumulative return in cash sums $123,350. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,122/mo property income covering a $1,263/mo payment, not borrower’s personal income.
Single Family
Built in 2006
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42020, Almo, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,046 (100%) |
| Owner Occupied HU | 741 (70.8%) |
| Renter Occupied HU | 208 (19.9%) |
| Vacant Housing Units | 97 ( 9.3%) |
| Median Home Value | $181,568 |
| Average Home Value | $196,407 |
Housing Distribution
Address Breakdown
Residential
1,014
Single Family
1,014
Multi-Family
0
Businesses
31
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Listed by: Brenda Rowland • Kopperud Realty
Mls Name: WKRMLS
Mls ID: #128797
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.