1850 W Highway 60MoreheadKY40351
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Morehead at 1850 W Highway 60, Morehead, KY, 40351 uses $82,842 cash to close to unlock $2,102/yr annual cash flow and $175/mo monthly cash flow. Total monthly income runs $1,696/mo, and a $1,223/mo payment keeps the spread at $175/mo. Purchase price stands at $249,900, and rental yield measures 8.14% with $1,696/mo rent. Return on cash invested shows 22.45% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 116.35% and total cumulative return in cash records $96,386. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,696/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40351, Morehead, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,508 (100%) |
| Owner Occupied HU | 5,462 (57.4%) |
| Renter Occupied HU | 2,805 (29.5%) |
| Vacant Housing Units | 1,241 (13.1%) |
| Median Home Value | $209,239 |
| Average Home Value | $227,488 |
Housing Distribution
Address Breakdown
Residential
8,950
Single Family
8,839
Multi-Family
111
Businesses
795
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shannon V Malone • Homeland Real Estate Inc
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24009432
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.