18211 Highway 38ClosplintKY40927
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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 Closplint at 18211 Highway 38, Closplint, KY, 40927 uses $74,588 cash to close to unlock $6,790/yr annual cash flow and $566/mo monthly cash flow. Total monthly income runs $1,935/mo, and a $1,101/mo payment keeps the spread at $566/mo. Purchase price stands at $225,000, and rental yield measures 10.32% with $1,935/mo rent. Return on cash invested shows 29.01% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 151.52% and total cumulative return in cash records $113,013. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,935/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Multi Family
Built in 1920
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40927, Closplint, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 269 (100%) |
| Owner Occupied HU | 189 (70.3%) |
| Renter Occupied HU | 39 (14.5%) |
| Vacant Housing Units | 41 (15.2%) |
| Median Home Value | $67,750 |
| Average Home Value | $104,127 |
Housing Distribution
Address Breakdown
Residential
157
Single Family
157
Multi-Family
0
Businesses
1
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