1354 Red Cedar CtIndependenceKY41051
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 Independence at 1354 Red Cedar Ct, Independence, KY, 41051 generates $2,370/mo in rent and, after a $1,823/mo payment, leaves $57/mo in cash flow. Total monthly income is $2,370/mo, and annual cash flow is $687/yr on $123,484 invested. Return on cash invested sits at 20.47% in year one, and rental yield is 7.63% on a $372,500 entry. Equity gained on principal adds $2,404/yr, while 5% annual appreciation builds toward $102,915 over five years. Five-year ROI reaches 105.88% and total cumulative return in cash sums $130,750. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,370/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
0.41 Acres lot
$N/A/sqft
$275 semi-annually 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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Nearby investment properties with comparable prices
Listed by: Samuel Benton • Keller Williams Advisors
Mls Name: NKMLS
Mls Provider:
Mls ID: #632088
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