111 Julie LnSalt LickKY40371
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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 Salt Lick at 111 Julie Ln, Salt Lick, KY, 40371 offers a 8.96% rental yield on a $162,500 purchase with $1,214/mo rent. Total monthly income registers $1,214/mo, and a $795/mo payment leaves $225/mo available for distribution. Annual cash flow reaches $2,704/yr on $53,869 to close, and return on cash invested stands at 24.93% in year one. Equity gained on principal adds $1,049/yr while 5% annual appreciation supports $44,896 over five years. Portfolio math shows five-year ROI at 129.66% and total cumulative return in cash at $69,846. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,214/mo property income against a $795/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2006
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40371, Salt Lick, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,269 (100%) |
| Owner Occupied HU | 812 (64.0%) |
| Renter Occupied HU | 281 (22.1%) |
| Vacant Housing Units | 176 (13.9%) |
| Median Home Value | $125,000 |
| Average Home Value | $147,321 |
Housing Distribution
Address Breakdown
Residential
1,090
Single Family
1,090
Multi-Family
0
Businesses
37
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