197 Lea CtRineyvilleKY40162
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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 Rineyville at 197 Lea Ct, Rineyville, KY, 40162 offers a 9.22% rental yield on a $290,000 purchase with $2,228/mo rent. Total monthly income registers $2,228/mo, and a $1,419/mo payment leaves $463/mo available for distribution. Annual cash flow reaches $5,561/yr on $96,135 to close, and return on cash invested stands at 25.69% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,122 over five years. Portfolio math shows five-year ROI at 133.75% and total cumulative return in cash at $128,584. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,228/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
0.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40162, Rineyville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,310 (100%) |
| Owner Occupied HU | 1,833 (79.4%) |
| Renter Occupied HU | 364 (15.8%) |
| Vacant Housing Units | 113 ( 4.9%) |
| Median Home Value | $272,074 |
| Average Home Value | $286,563 |
Housing Distribution
Address Breakdown
Residential
2,361
Single Family
2,361
Multi-Family
0
Businesses
57
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Listed by: Wade Team • RE/MAX EXECUTIVE GROUP, INC.
Mls Name: HKMLS
Mls Provider:
Mls ID: #HK24002861
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.