156 Ocean Front View DrMount VernonKY40456
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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
Rental property for sale in Mount Vernon at 156 Ocean Front View Dr, Mount Vernon, KY, 40456 priced at $127,500 converts $1,720/mo rent into $944/mo cash flow after a $624/mo obligation. Total monthly income equals $1,720/mo, and annual cash flow totals $11,329/yr on $42,266 invested. Return on cash invested prints 46.71% in year one, and rental yield reads 16.19% against a $127,500 entry. Equity gained on principal adds $823/yr, while 5% annual appreciation compiles into $35,226 by year five. Five-year ROI reaches 246.57% and total cumulative return in cash sums $104,218. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,720/mo property income covering a $624/mo payment, not borrower’s personal income.
Manufactured
Built in 1995
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40456, Mount Vernon, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,237 (100%) |
| Owner Occupied HU | 2,859 (67.5%) |
| Renter Occupied HU | 939 (22.2%) |
| Vacant Housing Units | 439 (10.4%) |
| Median Home Value | $140,961 |
| Average Home Value | $190,641 |
Housing Distribution
Address Breakdown
Residential
3,656
Single Family
3,656
Multi-Family
0
Businesses
274
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Listed by: M Matthew Silcox • Weichert Realtors - Ford Brothers
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24021700
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.