12009 Hickory Grove DrIndependenceKY41051
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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 Independence at 12009 Hickory Grove Dr, Independence, KY, 41051 uses $94,444 cash to close to unlock $7,638/yr annual cash flow and $636/mo monthly cash flow. Total monthly income runs $2,370/mo, and a $1,394/mo payment keeps the spread at $636/mo. Purchase price stands at $284,900, and rental yield measures 9.98% with $2,370/mo rent. Return on cash invested shows 28% in year one, and 5% annual appreciation builds toward $78,713 over five years. Five-year ROI reaches 146.1% and total cumulative return in cash records $137,987. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,370/mo property income covering a $1,394/mo payment rather than investor’s personal income.
Single Family
Built in 1951
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41051, Independence, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,467 (100%) |
| Owner Occupied HU | 9,379 (81.8%) |
| Renter Occupied HU | 1,783 (15.5%) |
| Vacant Housing Units | 305 ( 2.7%) |
| Median Home Value | $266,323 |
| Average Home Value | $300,312 |
Housing Distribution
Address Breakdown
Residential
11,820
Single Family
11,350
Multi-Family
470
Businesses
356
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Listed by: Frank Schmitt • Huff Realty - CC
Mls Name: NKMLS
Mls ID: #639187