20 Luke StMunfordvilleKY42765
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
Rental property for sale in Munfordville at 20 Luke St, Munfordville, KY, 42765 priced at $189,900 pairs $1,519/mo rent with $364/mo cash flow after a $929/mo payment. Total monthly income equals $1,519/mo, and annual cash flow comes to $4,364/yr on $62,952 invested. Return on cash invested is 26.84% in year one, and rental yield stands at 9.6% on a $189,900 basis. Equity gained on principal adds $1,225/yr, and 5% annual appreciation accumulates to $52,466 by year five. Five-year ROI measures 139.89% and total cumulative return in cash reaches $88,061. For financing, Ziffy Mortgage’s DSCR program evaluates $1,519/mo property income against a $929/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2001
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42765, Munfordville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,602 (100%) |
| Owner Occupied HU | 1,598 (61.4%) |
| Renter Occupied HU | 632 (24.3%) |
| Vacant Housing Units | 372 (14.3%) |
| Median Home Value | $178,512 |
| Average Home Value | $218,889 |
Housing Distribution
Address Breakdown
Residential
2,386
Single Family
2,386
Multi-Family
0
Businesses
207
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Listed by: Alexis Yates • eXp Realty LLC
Mls Name: South Central Kentucky AOR
Mls Provider:
Mls ID: #SC45847