1 & 7 Burgin Noel RdBloomfieldKY40008
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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 Bloomfield at 1 & 7 Burgin Noel Rd, Bloomfield, KY, 40008 offers $1,920/mo rent that, after a $4,018/mo payment. Total monthly income is $1,920/mo. Return on cash invested measures 6.39% in year one, and rental yield stands at 2.81% at a $821,000 entry. Equity gained on principal adds $5,298/yr while 5% annual appreciation compounds into $226,827 by year five. Five-year ROI records 30.19% and total cumulative return in cash reaches $81,553. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,920/mo property income versus a $4,018/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
32.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40008, Bloomfield, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,794 (100%) |
| Owner Occupied HU | 1,333 (74.3%) |
| Renter Occupied HU | 285 (15.9%) |
| Vacant Housing Units | 176 ( 9.8%) |
| Median Home Value | $275,323 |
| Average Home Value | $323,385 |
Housing Distribution
Address Breakdown
Residential
1,576
Single Family
1,576
Multi-Family
0
Businesses
57
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Listed by: Chuck Johnson • Semonin REALTORS
Mls Name: GLARMLS
Mls ID: #1689113