116 Harrison AveMount SterlingKY40353
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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
Rental property for sale in Mount Sterling at 116 Harrison Ave, Mount Sterling, KY, 40353 offers $2,153/mo rent that, after a $1,708/mo payment, leaves $29/mo cash flow. Total monthly income is $2,153/mo, and annual cash flow is $349/yr on $115,694 cash. Return on cash invested measures 20.21% in year one, and rental yield stands at 7.4% at a $349,000 entry. Equity gained on principal adds $2,252/yr while 5% annual appreciation compounds into $96,422 by year five. Five-year ROI records 104.35% and total cumulative return in cash reaches $120,732. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,153/mo property income versus a $1,708/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40353, Mount Sterling, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,016 (100%) |
| Owner Occupied HU | 5,961 (59.5%) |
| Renter Occupied HU | 3,264 (32.6%) |
| Vacant Housing Units | 791 ( 7.9%) |
| Median Home Value | $190,101 |
| Average Home Value | $242,793 |
Housing Distribution
Address Breakdown
Residential
9,390
Single Family
9,202
Multi-Family
188
Businesses
890
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Listed by: Rebakah R Goodpaster • Keller Williams Legacy Group
Mls Name: Imagine MLS
Mls ID: #25018938