1923 Poplar Ridge RdMelbourneKY41059
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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 Melbourne at 1923 Poplar Ridge Rd, Melbourne, KY, 41059 generates $2,371/mo in rent and, after a $1,199/mo payment, leaves $880/mo in cash flow. Total monthly income is $2,371/mo, and annual cash flow is $10,560/yr on $81,218 invested. Return on cash invested sits at 32.91% in year one, and rental yield is 11.61% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 172.5% and total cumulative return in cash sums $140,100. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,371/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
1.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41059, Melbourne, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,171 (100%) |
| Owner Occupied HU | 845 (72.2%) |
| Renter Occupied HU | 226 (19.3%) |
| Vacant Housing Units | 100 ( 8.5%) |
| Median Home Value | $279,375 |
| Average Home Value | $354,393 |
Housing Distribution
Address Breakdown
Residential
1,030
Single Family
969
Multi-Family
61
Businesses
36
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