1056 Jonesville Mill RdMagnoliaKY42757
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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 Magnolia at 1056 Jonesville Mill Rd, Magnolia, KY, 42757 uses $57,979 cash to close to unlock $187/yr annual cash flow and $16/mo monthly cash flow. Total monthly income runs $1,080/mo, and a $856/mo payment keeps the spread at $16/mo. Purchase price stands at $174,900, and rental yield measures 7.41% with $1,080/mo rent. Return on cash invested shows 20.23% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 104.46% and total cumulative return in cash records $60,564. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,080/mo property income covering a $856/mo payment rather than investor’s personal income.
Manufactured
Built in 1996
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42757, Magnolia, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,463 (100%) |
| Owner Occupied HU | 1,003 (68.6%) |
| Renter Occupied HU | 233 (15.9%) |
| Vacant Housing Units | 227 (15.5%) |
| Median Home Value | $173,266 |
| Average Home Value | $238,831 |
Housing Distribution
Address Breakdown
Residential
1,302
Single Family
1,302
Multi-Family
0
Businesses
24
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