978 Scaffold Cane RdBereaKY40403
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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 978 Scaffold Cane Rd, Berea, KY, 40403 uses $92,687 cash to close to unlock $14,326/yr annual cash flow and $1,194/mo monthly cash flow. Total monthly income runs $2,896/mo, and a $1,369/mo payment keeps the spread at $1,194/mo. Purchase price stands at $279,600, and rental yield measures 12.43% with $2,896/mo rent. Return on cash invested shows 35.36% in year one, and 5% annual appreciation builds toward $77,248 over five years. Five-year ROI reaches 185.58% and total cumulative return in cash records $172,011. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,896/mo property income covering a $1,369/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.31 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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