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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Cloverport at 10488 W 60th Hwy, Cloverport, KY, 40111 offers a 9.78% rental yield on a $189,000 purchase with $1,540/mo rent. Total monthly income registers $1,540/mo, and a $925/mo payment leaves $390/mo available for distribution. Annual cash flow reaches $4,677/yr on $62,654 to close, and return on cash invested stands at 27.37% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 142.74% and total cumulative return in cash at $89,434. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,540/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
7.80 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 40111, Cloverport, KY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 794 (100%) |
| Owner Occupied HU | 539 (67.9%) |
| Renter Occupied HU | 167 (21.0%) |
| Vacant Housing Units | 88 (11.1%) |
| Median Home Value | $123,645 |
| Average Home Value | $145,172 |
Residential
731
Single Family
643
Multi-Family
88
Businesses
24
Date | Event | Price |
|---|---|---|
| 2024-10-23 | Price change | $189,000 |
| 2024-09-19 | Price change | $199,000 |
| 2024-07-22 | Pending sale | $205,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Courtney Taul • FHRA, Inc.
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1662204
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. 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. 2024 Metro Search, Inc.
