18 Spruce DrCynthianaKY41031
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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 Cynthiana at 18 Spruce Dr, Cynthiana, KY, 41031 priced at $201,600 converts $1,796/mo rent into $569/mo cash flow after a $987/mo obligation. Total monthly income equals $1,796/mo, and annual cash flow totals $6,825/yr on $66,830 invested. Return on cash invested prints 30.12% in year one, and rental yield reads 10.69% against a $201,600 entry. Equity gained on principal adds $1,301/yr, while 5% annual appreciation compiles into $55,698 by year five. Five-year ROI reaches 157.48% and total cumulative return in cash sums $105,246. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,796/mo property income covering a $987/mo payment, not borrower’s personal income.
Single Family
Built in 1982
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41031, Cynthiana, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,150 (100%) |
| Owner Occupied HU | 4,539 (63.5%) |
| Renter Occupied HU | 2,029 (28.4%) |
| Vacant Housing Units | 582 ( 8.1%) |
| Median Home Value | $216,923 |
| Average Home Value | $265,480 |
Housing Distribution
Address Breakdown
Residential
6,994
Single Family
6,891
Multi-Family
103
Businesses
491
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