16 Old Midland TrlSalt LickKY40371
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 16 Old Midland Trl, Salt Lick, KY, 40371 in Salt Lick. Rental yield 2.1%. At $849,000 with 2.1% gross yield, current distributions are modest, but the 5% appreciation rate projects $234,563 in new equity by year five, complemented by $7,819/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.39) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $84,737.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.1% | 6.0% |
| Monthly Cash Flow | $(3,680) | $450 |
City averages based on Salt Lick market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,487 |
| Total Monthly Debt Service | $4,829 |
| DSCR Ratio | 0.31x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2020
4.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40371, Salt Lick, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,269 (100%) |
| Owner Occupied HU | 812 (64.0%) |
| Renter Occupied HU | 281 (22.1%) |
| Vacant Housing Units | 176 (13.9%) |
| Median Home Value | $125,000 |
| Average Home Value | $147,321 |
Housing Distribution
Address Breakdown
Residential
1,090
Single Family
1,090
Multi-Family
0
Businesses
37
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
Single Family
Built in 2020
4.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40371, Salt Lick, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,269 (100%) |
| Owner Occupied HU | 812 (64.0%) |
| Renter Occupied HU | 281 (22.1%) |
| Vacant Housing Units | 176 (13.9%) |
| Median Home Value | $125,000 |
| Average Home Value | $147,321 |
Housing Distribution
Address Breakdown
Residential
1,090
Single Family
1,090
Multi-Family
0
Businesses
37
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices