983 E Circle DrFlorenceKY41042
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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 Florence at 983 E Circle Dr, Florence, KY, 41042 priced at $195,000 converts $1,712/mo rent into $526/mo cash flow after a $954/mo obligation. Total monthly income equals $1,712/mo, and annual cash flow totals $6,307/yr on $64,643 invested. Return on cash invested prints 29.67% in year one, and rental yield reads 10.54% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 155.06% and total cumulative return in cash sums $100,234. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,712/mo property income covering a $954/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41042, Florence, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,664 (100%) |
| Owner Occupied HU | 13,975 (59.1%) |
| Renter Occupied HU | 8,544 (36.1%) |
| Vacant Housing Units | 1,145 ( 4.8%) |
| Median Home Value | $243,210 |
| Average Home Value | $262,135 |
Housing Distribution
Address Breakdown
Residential
22,976
Single Family
16,237
Multi-Family
6,739
Businesses
2,027
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Listed by: Ginger Poore • Real Broker, LLC
Mls Name: NKMLS
Mls Provider:
Mls ID: #632356
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