1079 Boone Cromer RdMount VernonKY40456
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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 Mount Vernon at 1079 Boone Cromer Rd, Mount Vernon, KY, 40456 listed at $623,000 pairs $1,352/mo rent with a $3,049/mo payment. Total monthly income runs $1,352/mo. Return on cash invested measures 5.78% in year one, and rental yield registers 2.6% at a $623,000 basis. Equity gained on principal adds $4,020/yr, and annual property appreciation at 5% supports $172,123 by year five. Five-year ROI tracks 26.89% and total cumulative return in cash totals $55,125. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,352/mo property income relative to a $3,049/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
195 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40456, Mount Vernon, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,237 (100%) |
| Owner Occupied HU | 2,859 (67.5%) |
| Renter Occupied HU | 939 (22.2%) |
| Vacant Housing Units | 439 (10.4%) |
| Median Home Value | $140,961 |
| Average Home Value | $190,641 |
Housing Distribution
Address Breakdown
Residential
3,656
Single Family
3,656
Multi-Family
0
Businesses
274
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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