1440 Carters RdLockportKY40036
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 1440 Carters Rd, Lockport, KY, 40036 in Lockport. At $250,000 it earns $1,731/mo in rent and distributes $209/mo to the owner after the $1,124/mo payment, a consistent 8.31% yield. DSCR 1.54 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $69,070 in value; $2,303/yr in principal paydown compounds ownership stake. Total projected return: $108,217.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 8.5% |
| Monthly Cash Flow | $209 | $750 |
City averages based on Lockport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,731 |
| Total Monthly Debt Service | $1,422 |
| DSCR Ratio | 1.22x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in N/A
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40036, Lockport, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 141 (100%) |
| Owner Occupied HU | 101 (71.6%) |
| Renter Occupied HU | 16 (11.3%) |
| Vacant Housing Units | 24 (17.0%) |
| Median Home Value | $287,500 |
| Average Home Value | $307,896 |
Housing Distribution
Address Breakdown
Residential
100
Single Family
100
Multi-Family
0
Businesses
7
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
Manufactured
Built in N/A
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40036, Lockport, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 141 (100%) |
| Owner Occupied HU | 101 (71.6%) |
| Renter Occupied HU | 16 (11.3%) |
| Vacant Housing Units | 24 (17.0%) |
| Median Home Value | $287,500 |
| Average Home Value | $307,896 |
Housing Distribution
Address Breakdown
Residential
100
Single Family
100
Multi-Family
0
Businesses
7
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices