1581 State Route 56 E, Morganfield, KY, 42437 | 3.51% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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1581 State Route 56 E, Morganfield, KY, 42437 | 3.51% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Morganfield at 1581 State Route 56 E, Morganfield, KY, 42437 generates $834/mo in rent, after a $1,394/mo payment. Total monthly income is $834/mo. Return on cash invested sits at 8.48% in year one, and rental yield is 3.51% on a $284,900 entry. Equity gained on principal adds $1,838/yr, while 5% annual appreciation builds toward $78,713 over five years. Five-year ROI reaches 41.43% and total cumulative return in cash sums $39,131. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $834/mo property income rather than buyer’s personal income.

Single Family

Built in 2020

0.72 Acres lot

$N/A/sqft

No HOA

More details about the property

Fantastic investment opportunity in the heart of Morganfield, KY awaits you!! The building's size (2400 sq ft) and layout-featuring a mix of office space, kennels, a laundry area, and large playpens-makes it highly adaptable. Although it was previously used as a pet boarding facility, it could easily be transformed into various types of businesses. The versatility is key here. The kennels can be removed, allowing the space to be repurposed into offices, a retail location, or potentially a health-related business, given the existing amenities (like the HVAC units, floor drains, and camera setup). The large fenced-in yard and running/play areas are a bonus for businesses that require outdoor space, whether it's for pets, recreational activities, or something else. Additionally, the garage with concrete floors and electricity offers extra storage or workspace potential. The lot size (72 acres) provides flexibility for further expansion or parking if needed. Overall, the property seems like a solid investment for someone looking to enter into a pet service business or for an entrepreneur with other ideas.

Neighborhood Data

Neighborhood data shown for ZIP Code: 42437, Morganfield, KY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,947 (100%)
Owner Occupied HU	1,888 (64.1%)
Renter Occupied HU	759 (25.8%)
Vacant Housing Units	300 (10.2%)
Median Home Value	$175,467
Average Home Value	$226,973