1650 Wells RdNortonvilleKY42442
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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
Investment property for sale in Nortonville at 1650 Wells Rd, Nortonville, KY, 42442 offers a 9.94% rental yield on a $218,000 purchase with $1,805/mo rent. Total monthly income registers $1,805/mo, and a $1,067/mo payment leaves $478/mo available for distribution. Annual cash flow reaches $5,739/yr on $72,267 to close, and return on cash invested stands at 27.85% in year one. Equity gained on principal adds $1,407/yr while 5% annual appreciation supports $60,229 over five years. Portfolio math shows five-year ROI at 145.34% and total cumulative return in cash at $105,031. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,805/mo property income against a $1,067/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42442, Nortonville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,254 (100%) |
| Owner Occupied HU | 859 (68.5%) |
| Renter Occupied HU | 280 (22.3%) |
| Vacant Housing Units | 115 ( 9.2%) |
| Median Home Value | $129,276 |
| Average Home Value | $126,304 |
Housing Distribution
Address Breakdown
Residential
1,135
Single Family
1,135
Multi-Family
0
Businesses
57
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Listed by: Merideth Tyson • Heritage Homes Real Estate
Mls Name: MHCBOR
Mls ID: #117519