202 Thomas StMorgantownKY42261
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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 Morgantown at 202 Thomas St, Morgantown, KY, 42261 priced at $165,500 pairs $1,194/mo rent with $187/mo cash flow after a $810/mo payment. Total monthly income equals $1,194/mo, and annual cash flow comes to $2,241/yr on $54,863 invested. Return on cash invested is 23.99% in year one, and rental yield stands at 8.66% on a $165,500 basis. Equity gained on principal adds $1,068/yr, and 5% annual appreciation accumulates to $45,725 by year five. Five-year ROI measures 124.63% and total cumulative return in cash reaches $68,376. For financing, Ziffy Mortgage’s DSCR program evaluates $1,194/mo property income against a $810/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1993
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42261, Morgantown, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,427 (100%) |
| Owner Occupied HU | 2,831 (63.9%) |
| Renter Occupied HU | 1,164 (26.3%) |
| Vacant Housing Units | 432 ( 9.8%) |
| Median Home Value | $115,382 |
| Average Home Value | $171,593 |
Housing Distribution
Address Breakdown
Residential
4,228
Single Family
4,228
Multi-Family
0
Businesses
265
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Listed by: Amanda L Hulsey • Keller Williams First Choice Realty
Mls Name: RASK
Mls Provider:
Mls ID: #RA20245465
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.