1060 Hampshire PlFlorenceKY41042
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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 Florence at 1060 Hampshire Pl, Florence, KY, 41042 priced at $319,800 pairs $2,220/mo rent with $255/mo cash flow after a $1,565/mo payment. Total monthly income equals $2,220/mo, and annual cash flow comes to $3,062/yr on $106,014 invested. Return on cash invested is 22.8% in year one, and rental yield stands at 8.33% on a $319,800 basis. Equity gained on principal adds $2,064/yr, and 5% annual appreciation accumulates to $88,355 by year five. Five-year ROI measures 118.31% and total cumulative return in cash reaches $125,424. For financing, Ziffy Mortgage’s DSCR program evaluates $2,220/mo property income against a $1,565/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
8,276 sqft lot
$N/A/sqft
$225 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41042, Florence, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,664 (100%) |
| Owner Occupied HU | 13,975 (59.1%) |
| Renter Occupied HU | 8,544 (36.1%) |
| Vacant Housing Units | 1,145 ( 4.8%) |
| Median Home Value | $243,210 |
| Average Home Value | $262,135 |
Housing Distribution
Address Breakdown
Residential
22,976
Single Family
16,237
Multi-Family
6,739
Businesses
2,027
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Listed by: Cullen Wainscott • Berkshire Hathaway Home Services Professional Realty
Mls Name: NKMLS
Mls Provider:
Mls ID: #626026
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of NKMLS. Real estate listings held by IDX 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 them includes the name of the listing Brokers. Listing information is deemed reliable, but not guaranteed. Copyright 2023 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.