1405 N 16th StMurrayKY42071
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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 Murray at 1405 N 16th St, Murray, KY, 42071 uses $64,643 cash to close to unlock $9,139/yr annual cash flow and $762/mo monthly cash flow. Total monthly income runs $1,948/mo, and a $954/mo payment keeps the spread at $762/mo. Purchase price stands at $195,000, and rental yield measures 11.99% with $1,948/mo rent. Return on cash invested shows 34.05% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 178.54% and total cumulative return in cash records $115,414. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,948/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1995
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42071, Murray, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,483 (100%) |
| Owner Occupied HU | 7,472 (51.6%) |
| Renter Occupied HU | 4,770 (32.9%) |
| Vacant Housing Units | 2,241 (15.5%) |
| Median Home Value | $209,592 |
| Average Home Value | $236,806 |
Housing Distribution
Address Breakdown
Residential
13,516
Single Family
13,373
Multi-Family
143
Businesses
1,391
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Listed by: Aleshia Banks • Elite Realty Branch Murray
Mls Name: WKRMLS
Mls ID: #131622
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.