1104 Neafus RdMorgantownKY42261
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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
Total monthly income runs $2,394/mo, and a $6,358/mo payment. Purchase price stands at $1,299,000, and rental yield measures 2.21% with $2,394/mo rent. Return on cash invested shows 4.65% in year one, and 5% annual appreciation builds toward $358,890 over five years. Five-year ROI reaches 20.81% and total cumulative return in cash records $87,589. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,394/mo property income covering a $6,358/mo payment rather than investor’s personal income.
Single Family
Built in 2023
60 Acres 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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Listed by: Silas Sparrow • Hayden Outdoors Real Estate
Mls Name: NY State MLS
Mls ID: #11604481