1052 Oakwood Ct APT 3IndependenceKY41051
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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 Independence at 1052 Oakwood Ct APT 3, Independence, KY, 41051 generates $1,172/mo in rent and, after a $758/mo payment, leaves $229/mo in cash flow. Total monthly income is $1,172/mo, and annual cash flow is $2,753/yr on $51,349 invested. Return on cash invested sits at 25.27% in year one, and rental yield is 9.08% on a $154,900 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 131.49% and total cumulative return in cash sums $67,520. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,172/mo property income rather than buyer’s personal income.
Condo
Built in 1975
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41051, Independence, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,467 (100%) |
| Owner Occupied HU | 9,379 (81.8%) |
| Renter Occupied HU | 1,783 (15.5%) |
| Vacant Housing Units | 305 ( 2.7%) |
| Median Home Value | $266,323 |
| Average Home Value | $300,312 |
Housing Distribution
Address Breakdown
Residential
11,820
Single Family
11,350
Multi-Family
470
Businesses
356
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Listed by: Blue Line Property Group • Keller Williams Realty Services
Mls Name: NKMLS
Mls ID: #635493