1500 Racetrack RdIrvineKY40336
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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 Irvine at 1500 Racetrack Rd, Irvine, KY, 40336 uses $65,969 cash to close to unlock $2,950/yr annual cash flow and $246/mo monthly cash flow. Total monthly income runs $1,457/mo, and a $974/mo payment keeps the spread at $246/mo. Purchase price stands at $199,000, and rental yield measures 8.79% with $1,457/mo rent. Return on cash invested shows 24.38% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 126.69% and total cumulative return in cash records $83,574. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,457/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1972
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40336, Irvine, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,197 (100%) |
| Owner Occupied HU | 3,806 (61.4%) |
| Renter Occupied HU | 1,492 (24.1%) |
| Vacant Housing Units | 899 (14.5%) |
| Median Home Value | $118,517 |
| Average Home Value | $142,337 |
Housing Distribution
Address Breakdown
Residential
6,010
Single Family
5,959
Multi-Family
51
Businesses
315
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Listed by: Denny Patterson • Re/Max Elite Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25016205
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.