1357 Knapp AveMoreheadKY40351
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
Investment property for sale in Morehead at 1357 Knapp Ave, Morehead, KY, 40351 uses $70,444 cash to close to unlock $7,137/yr annual cash flow and $595/mo monthly cash flow. Total monthly income runs $1,888/mo, and a $1,040/mo payment keeps the spread at $595/mo. Purchase price stands at $212,500, and rental yield measures 10.66% with $1,888/mo rent. Return on cash invested shows 30.04% in year one, and 5% annual appreciation builds toward $58,710 over five years. Five-year ROI reaches 157.04% and total cumulative return in cash records $110,624. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,888/mo property income covering a $1,040/mo payment rather than investor’s personal income.
Single Family
Built in 1966
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40351, Morehead, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,508 (100%) |
| Owner Occupied HU | 5,462 (57.4%) |
| Renter Occupied HU | 2,805 (29.5%) |
| Vacant Housing Units | 1,241 (13.1%) |
| Median Home Value | $209,239 |
| Average Home Value | $227,488 |
Housing Distribution
Address Breakdown
Residential
8,950
Single Family
8,839
Multi-Family
111
Businesses
795
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices