101 Locust Grove RdLondonKY40744
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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 London at 101 Locust Grove Rd, London, KY, 40744 priced at $250,000 converts $1,760/mo rent into $238/mo cash flow after a $1,224/mo obligation. Total monthly income equals $1,760/mo, and annual cash flow totals $2,857/yr on $82,875 invested. Return on cash invested prints 23.36% in year one, and rental yield reads 8.45% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 121.25% and total cumulative return in cash sums $100,486. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,760/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1987
9.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40744, London, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,192 (100%) |
| Owner Occupied HU | 5,614 (68.5%) |
| Renter Occupied HU | 1,960 (23.9%) |
| Vacant Housing Units | 618 ( 7.5%) |
| Median Home Value | $171,588 |
| Average Home Value | $215,546 |
Housing Distribution
Address Breakdown
Residential
8,043
Single Family
7,870
Multi-Family
173
Businesses
255
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Listed by: Shawn J Fisher • Weichert Realtors - Ford Brothers
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25008832
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