12 Harry Reinert DrMelbourneKY41059
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 2.95% gross rental yield, 12 Harry Reinert Dr, Melbourne, KY, 41059 in Melbourne is priced for capital growth, not immediate cash flow. The $585,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $161,625 by year five, with $5,388/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.55) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $85,083.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3% | 6.5% |
| Monthly Cash Flow | $(2,145) | $250 |
City averages based on Melbourne market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,440 |
| Total Monthly Debt Service | $3,328 |
| DSCR Ratio | 0.43x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1994
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41059, Melbourne, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,171 (100%) |
| Owner Occupied HU | 845 (72.2%) |
| Renter Occupied HU | 226 (19.3%) |
| Vacant Housing Units | 100 ( 8.5%) |
| Median Home Value | $279,375 |
| Average Home Value | $354,393 |
Housing Distribution
Address Breakdown
Residential
1,030
Single Family
969
Multi-Family
61
Businesses
36
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1994
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41059, Melbourne, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,171 (100%) |
| Owner Occupied HU | 845 (72.2%) |
| Renter Occupied HU | 226 (19.3%) |
| Vacant Housing Units | 100 ( 8.5%) |
| Median Home Value | $279,375 |
| Average Home Value | $354,393 |
Housing Distribution
Address Breakdown
Residential
1,030
Single Family
969
Multi-Family
61
Businesses
36
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices