120 Rail Lake DrSlaughtersKY42456
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
Investment Highlights
Rental property for sale in Slaughters at 120 Rail Lake Dr, Slaughters, KY, 42456 generates $1,847/mo in rent and, after a $1,463/mo payment, leaves $28/mo in cash flow. Total monthly income is $1,847/mo, and annual cash flow is $332/yr on $99,119 invested. Return on cash invested sits at 20.24% in year one, and rental yield is 7.41% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 104.52% and total cumulative return in cash sums $103,594. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,847/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42456, Slaughters, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 720 (100%) |
| Owner Occupied HU | 577 (80.1%) |
| Renter Occupied HU | 91 (12.6%) |
| Vacant Housing Units | 52 ( 7.2%) |
| Median Home Value | $175,255 |
| Average Home Value | $201,924 |
Housing Distribution
Address Breakdown
Residential
641
Single Family
641
Multi-Family
0
Businesses
15
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristy Saint • Coldwell Banker-Terry
Mls Name: MHCBOR
Mls ID: #116986
Disclaimer: Copyright Madisonville-Hopkins County Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.