116 Hicks LnLondonKY40744
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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 London at 116 Hicks Ln, London, KY, 40744 at $225,000 posts ROI 19.97% with $4/mo cash flow from $1,373/mo rent. Total monthly income equals $1,373/mo, and annual cash flow records $46/yr on $74,588 to close. Return on cash invested measures 19.97% and rental yield reads 7.32% at the current $225,000. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 by year five. Five-year ROI prints 103.04% and total cumulative return in cash totals $76,857.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,373/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1984
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40744, London, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,192 (100%) |
| Owner Occupied HU | 5,614 (68.5%) |
| Renter Occupied HU | 1,960 (23.9%) |
| Vacant Housing Units | 618 ( 7.5%) |
| Median Home Value | $171,588 |
| Average Home Value | $215,546 |
Housing Distribution
Address Breakdown
Residential
8,043
Single Family
7,870
Multi-Family
173
Businesses
255
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