1016 McCormick LnLawrenceburgKY40342
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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 Lawrenceburg at 1016 McCormick Ln, Lawrenceburg, KY, 40342 offers a 9.39% rental yield on a $238,900 purchase with $1,870/mo rent. Total monthly income registers $1,870/mo, and a $1,169/mo payment leaves $416/mo available for distribution. Annual cash flow reaches $4,996/yr on $79,195 to close, and return on cash invested stands at 26.22% in year one. Equity gained on principal adds $1,542/yr while 5% annual appreciation supports $66,004 over five years. Portfolio math shows five-year ROI at 136.56% and total cumulative return in cash at $108,149. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,870/mo property income against a $1,169/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40342, Lawrenceburg, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,311 (100%) |
| Owner Occupied HU | 7,415 (71.9%) |
| Renter Occupied HU | 2,230 (21.6%) |
| Vacant Housing Units | 666 ( 6.5%) |
| Median Home Value | $228,938 |
| Average Home Value | $268,017 |
Housing Distribution
Address Breakdown
Residential
9,769
Single Family
9,769
Multi-Family
0
Businesses
641
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Listed by: Jason Crask • THRIVE Realty
Mls Name: Imagine MLS
Mls ID: #25505170