1702 Miller AveMurrayKY42071
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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 Murray at 1702 Miller Ave, Murray, KY, 42071 offers $1,319/mo rent that, after a $646/mo payment, leaves $516/mo cash flow. Total monthly income is $1,319/mo, and annual cash flow is $6,188/yr on $43,758 cash. Return on cash invested measures 34.05% in year one, and rental yield stands at 11.99% at a $132,000 entry. Equity gained on principal adds $852/yr while 5% annual appreciation compounds into $36,469 by year five. Five-year ROI records 178.57% and total cumulative return in cash reaches $78,139. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,319/mo property income versus a $646/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42071, Murray, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,483 (100%) |
| Owner Occupied HU | 7,472 (51.6%) |
| Renter Occupied HU | 4,770 (32.9%) |
| Vacant Housing Units | 2,241 (15.5%) |
| Median Home Value | $209,592 |
| Average Home Value | $236,806 |
Housing Distribution
Address Breakdown
Residential
13,516
Single Family
13,373
Multi-Family
143
Businesses
1,391
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Listed by: Courtney Smith • Keller Williams Experience Realty
Mls Name: WKRMLS
Mls ID: #131762
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.