1440 Carters RdLockportKY40036
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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 Lockport at 1440 Carters Rd, Lockport, KY, 40036 offers a 8.31% rental yield on a $250,000 purchase with $1,731/mo rent. Total monthly income registers $1,731/mo, and a $1,224/mo payment leaves $209/mo available for distribution. Annual cash flow reaches $2,509/yr on $82,875 to close, and return on cash invested stands at 22.94% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 118.99% and total cumulative return in cash at $98,614. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,731/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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