118 Water Works RdLondonKY40741
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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 118 Water Works Rd, London, KY, 40741 listed at $142,500 pairs $1,069/mo rent with a $697/mo payment to leave $202/mo cash flow. Total monthly income runs $1,069/mo, and annual cash flow reaches $2,426/yr on $47,239 cash to close. Return on cash invested measures 25.05% in year one, and rental yield registers 9% at a $142,500 basis. Equity gained on principal adds $920/yr, and annual property appreciation at 5% supports $39,370 by year five. Five-year ROI tracks 130.32% and total cumulative return in cash totals $61,563. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,069/mo property income relative to a $697/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2025
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40741, London, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,313 (100%) |
| Owner Occupied HU | 6,421 (62.3%) |
| Renter Occupied HU | 2,983 (28.9%) |
| Vacant Housing Units | 909 ( 8.8%) |
| Median Home Value | $171,848 |
| Average Home Value | $210,766 |
Housing Distribution
Address Breakdown
Residential
9,973
Single Family
9,853
Multi-Family
120
Businesses
1,068
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