15 Alder CtLondonKY40744
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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 London at 15 Alder Ct, London, KY, 40744 uses $82,842 cash to close to unlock $1,610/yr annual cash flow and $134/mo monthly cash flow. Total monthly income runs $1,655/mo, and a $1,223/mo payment keeps the spread at $134/mo. Purchase price stands at $249,900, and rental yield measures 7.95% with $1,655/mo rent. Return on cash invested shows 21.85% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 113.18% and total cumulative return in cash records $93,758. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,655/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1997
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40744, London, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,192 (100%) |
| Owner Occupied HU | 5,614 (68.5%) |
| Renter Occupied HU | 1,960 (23.9%) |
| Vacant Housing Units | 618 ( 7.5%) |
| Median Home Value | $171,588 |
| Average Home Value | $215,546 |
Housing Distribution
Address Breakdown
Residential
8,043
Single Family
7,870
Multi-Family
173
Businesses
255
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Listed by: Sherry J Cloud • Lockhart Realty Group, LLC
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25013364
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.