120 Oak DrClay CityKY40312
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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
Investment Highlights
Rental property for sale in Clay City at 120 Oak Dr, Clay City, KY, 40312 priced at $179,500 converts $1,273/mo rent into $180/mo cash flow after a $879/mo obligation. Total monthly income equals $1,273/mo, and annual cash flow totals $2,161/yr on $59,504 invested. Return on cash invested prints 23.54% in year one, and rental yield reads 8.51% against a $179,500 entry. Equity gained on principal adds $1,158/yr, while 5% annual appreciation compiles into $49,593 by year five. Five-year ROI reaches 122.28% and total cumulative return in cash sums $72,760. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,273/mo property income covering a $879/mo payment, not borrower’s personal income.
Single Family
Built in 1980
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40312, Clay City, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,577 (100%) |
| Owner Occupied HU | 1,670 (64.8%) |
| Renter Occupied HU | 644 (25.0%) |
| Vacant Housing Units | 263 (10.2%) |
| Median Home Value | $178,030 |
| Average Home Value | $208,909 |
Housing Distribution
Address Breakdown
Residential
2,313
Single Family
2,313
Multi-Family
0
Businesses
109
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Listed by: Scott Radcliff • RE/MAX Premier Properties
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1679557
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