178 Mills BrOlive HillKY41164
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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 Olive Hill at 178 Mills Br, Olive Hill, KY, 41164 priced at $119,900 converts $1,080/mo rent into $350/mo cash flow after a $587/mo obligation. Total monthly income equals $1,080/mo, and annual cash flow totals $4,201/yr on $39,747 invested. Return on cash invested prints 30.48% in year one, and rental yield reads 10.81% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 159.5% and total cumulative return in cash sums $63,396. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,080/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41164, Olive Hill, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,913 (100%) |
| Owner Occupied HU | 4,152 (70.2%) |
| Renter Occupied HU | 954 (16.1%) |
| Vacant Housing Units | 807 (13.6%) |
| Median Home Value | $119,137 |
| Average Home Value | $171,858 |
Housing Distribution
Address Breakdown
Residential
4,890
Single Family
4,890
Multi-Family
0
Businesses
144
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Listed by: Deborah Manning • Manning Realty
Mls Name: My State MLS
Mls ID: #11381551