1499 Flatlick RdMount WashingtonKY40047
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 Mount Washington at 1499 Flatlick Rd, Mount Washington, KY, 40047 priced at $279,000 converts $1,811/mo rent into $113/mo cash flow after a $1,366/mo obligation. Total monthly income equals $1,811/mo, and annual cash flow totals $1,350/yr on $92,489 invested. Return on cash invested prints 21.37% in year one, and rental yield reads 7.79% against a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation compiles into $77,083 by year five. Five-year ROI reaches 110.55% and total cumulative return in cash sums $102,247. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,811/mo property income covering a $1,366/mo payment, not borrower’s personal income.
Multi Family
Built in 2000
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40047, Mount Washington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,602 (100%) |
| Owner Occupied HU | 8,016 (83.5%) |
| Renter Occupied HU | 1,346 (14.0%) |
| Vacant Housing Units | 240 ( 2.5%) |
| Median Home Value | $307,108 |
| Average Home Value | $347,621 |
Housing Distribution
Address Breakdown
Residential
9,736
Single Family
9,574
Multi-Family
162
Businesses
497
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Listed by: Cory Adkinson • Covenant Realty LLC
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1681592
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