1068 Herrington Hills DrLancasterKY40444
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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 Lancaster at 1068 Herrington Hills Dr, Lancaster, KY, 40444 offers a 11.23% rental yield on a $922,000 purchase with $8,627/mo rent. Total monthly income registers $8,627/mo, and a $4,513/mo payment leaves $2,990/mo available for distribution. Annual cash flow reaches $35,883/yr on $303,338 to close, and return on cash invested stands at 31.89% in year one. Equity gained on principal adds $5,950/yr while 5% annual appreciation supports $254,732 over five years. Portfolio math shows five-year ROI at 166.96% and total cumulative return in cash at $506,455. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,627/mo property income against a $4,513/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
1.25 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40444, Lancaster, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,414 (100%) |
| Owner Occupied HU | 4,571 (71.3%) |
| Renter Occupied HU | 1,300 (20.3%) |
| Vacant Housing Units | 543 ( 8.5%) |
| Median Home Value | $251,449 |
| Average Home Value | $272,741 |
Housing Distribution
Address Breakdown
Residential
6,003
Single Family
5,996
Multi-Family
7
Businesses
321
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Listed by: Melia Realty Group - Melia Hord • Keller Williams Bluegrass Realty
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24016731
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.