1648 Burdette Knob RdLancasterKY40444
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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 Lancaster at 1648 Burdette Knob Rd, Lancaster, KY, 40444 priced at $330,000 converts $2,308/mo rent into $300/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,308/mo, and annual cash flow totals $3,597/yr on $109,395 invested. Return on cash invested prints 23.2% in year one, and rental yield reads 8.39% against a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,173 by year five. Five-year ROI reaches 120.33% and total cumulative return in cash sums $131,639. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,308/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 2009
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40444, Lancaster, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,414 (100%) |
| Owner Occupied HU | 4,571 (71.3%) |
| Renter Occupied HU | 1,300 (20.3%) |
| Vacant Housing Units | 543 ( 8.5%) |
| Median Home Value | $251,449 |
| Average Home Value | $272,741 |
Housing Distribution
Address Breakdown
Residential
6,003
Single Family
5,996
Multi-Family
7
Businesses
321
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Listed by: Sheridan A Sims • Keller Williams Commonwealth
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25010252
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.