160 Hickory DrMoreheadKY40351
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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 Morehead at 160 Hickory Dr, Morehead, KY, 40351 priced at $260,556 converts $3,046/mo rent into $1,436/mo cash flow after a $1,275/mo obligation. Total monthly income equals $3,046/mo, and annual cash flow totals $17,226/yr on $86,374 invested. Return on cash invested prints 39.85% in year one, and rental yield reads 14.03% against a $260,556 entry. Equity gained on principal adds $1,681/yr, while 5% annual appreciation compiles into $71,987 by year five. Five-year ROI reaches 209.8% and total cumulative return in cash sums $181,212. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,046/mo property income covering a $1,275/mo payment, not borrower’s personal income.
Single Family
Built in 1998
1.09 Acres lot
$N/A/sqft
$25 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40351, Morehead, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,508 (100%) |
| Owner Occupied HU | 5,462 (57.4%) |
| Renter Occupied HU | 2,805 (29.5%) |
| Vacant Housing Units | 1,241 (13.1%) |
| Median Home Value | $209,239 |
| Average Home Value | $227,488 |
Housing Distribution
Address Breakdown
Residential
8,950
Single Family
8,839
Multi-Family
111
Businesses
795
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