153 Overlook TerNew CastleKY40050
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 New Castle at 153 Overlook Ter, New Castle, KY, 40050 offers $2,800/mo rent that, after a $2,080/mo payment, leaves $214/mo cash flow. Total monthly income is $2,800/mo, and annual cash flow is $2,562/yr on $140,888 cash. Return on cash invested measures 21.73% in year one, and rental yield stands at 7.91% at a $425,000 entry. Equity gained on principal adds $2,742/yr while 5% annual appreciation compounds into $117,420 by year five. Five-year ROI records 112.46% and total cumulative return in cash reaches $158,441. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,800/mo property income versus a $2,080/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40050, New Castle, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 832 (100%) |
| Owner Occupied HU | 529 (63.6%) |
| Renter Occupied HU | 231 (27.8%) |
| Vacant Housing Units | 72 ( 8.7%) |
| Median Home Value | $179,637 |
| Average Home Value | $249,145 |
Housing Distribution
Address Breakdown
Residential
564
Single Family
537
Multi-Family
27
Businesses
80
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Listed by: Kendell L Nash • Keller Williams Louisville East
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1673426
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