1580 State Highway 654MarionKY42064
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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 Marion at 1580 State Highway 654, Marion, KY, 42064 generates $1,970/mo in rent, after a $2,007/mo payment. Total monthly income is $1,970/mo. Return on cash invested sits at 15.27% in year one, and rental yield is 5.77% on a $410,000 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 77.84% and total cumulative return in cash sums $105,791. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,970/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42064, Marion, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,966 (100%) |
| Owner Occupied HU | 2,461 (62.1%) |
| Renter Occupied HU | 794 (20.0%) |
| Vacant Housing Units | 711 (17.9%) |
| Median Home Value | $138,755 |
| Average Home Value | $175,833 |
Housing Distribution
Address Breakdown
Residential
3,419
Single Family
3,417
Multi-Family
2
Businesses
265
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Listed by: Jeri Hunt • Tradewater Appraisal & Realty
Mls Name: WKRMLS
Mls ID: #128082
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.