1312 Leeper LnProvidenceKY42450
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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 Providence at 1312 Leeper Ln, Providence, KY, 42450 offers a 8.9% rental yield on a $140,000 purchase with $1,038/mo rent. Total monthly income registers $1,038/mo, and a $685/mo payment leaves $186/mo available for distribution. Annual cash flow reaches $2,234/yr on $46,410 to close, and return on cash invested stands at 24.72% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 128.61% and total cumulative return in cash at $59,686. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,038/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1974
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42450, Providence, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,893 (100%) |
| Owner Occupied HU | 1,137 (60.1%) |
| Renter Occupied HU | 452 (23.9%) |
| Vacant Housing Units | 304 (16.1%) |
| Median Home Value | $75,879 |
| Average Home Value | $135,204 |
Housing Distribution
Address Breakdown
Residential
1,806
Single Family
1,780
Multi-Family
26
Businesses
143
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Listed by: Landon Black • BHG Realty
Mls Name: HAMLS
Mls ID: #250549