1020 Lake DrLewisburgKY42256
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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 Lewisburg at 1020 Lake Dr, Lewisburg, KY, 42256 priced at $449,000 converts $1,717/mo rent into after a $2,198/mo obligation. Total monthly income equals $1,717/mo. Return on cash invested prints 11.72% in year one, and rental yield reads 4.59% against a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation compiles into $124,050 by year five. Five-year ROI reaches 58.77% and total cumulative return in cash sums $87,472. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,717/mo property income covering a $2,198/mo payment, not borrower’s personal income.
Single Family
Built in 1996
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42256, Lewisburg, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,633 (100%) |
| Owner Occupied HU | 1,620 (61.5%) |
| Renter Occupied HU | 408 (15.5%) |
| Vacant Housing Units | 605 (23.0%) |
| Median Home Value | $167,568 |
| Average Home Value | $224,329 |
Housing Distribution
Address Breakdown
Residential
2,347
Single Family
2,347
Multi-Family
0
Businesses
50
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Listed by: Caleb Bruner • Haley Auctions and Realty
Mls Name: RASK
Mls Provider:
Mls ID: #RA20242141
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.