11 Deer Pond DrMorgantownKY42261
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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 Morgantown at 11 Deer Pond Dr, Morgantown, KY, 42261 uses $77,903 cash to close to unlock $8,268/yr annual cash flow and $689/mo monthly cash flow. Total monthly income runs $2,119/mo, and a $1,150/mo payment keeps the spread at $689/mo. Purchase price stands at $235,000, and rental yield measures 10.82% with $2,119/mo rent. Return on cash invested shows 30.52% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 159.61% and total cumulative return in cash records $124,336. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,119/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1996
1,552 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42261, Morgantown, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,427 (100%) |
| Owner Occupied HU | 2,831 (63.9%) |
| Renter Occupied HU | 1,164 (26.3%) |
| Vacant Housing Units | 432 ( 9.8%) |
| Median Home Value | $115,382 |
| Average Home Value | $171,593 |
Housing Distribution
Address Breakdown
Residential
4,228
Single Family
4,228
Multi-Family
0
Businesses
265
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