205 E Morton StMorganfieldKY42437
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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 Morganfield at 205 E Morton St, Morganfield, KY, 42437 uses $40,410 cash to close to unlock $2,085/yr annual cash flow and $174/mo monthly cash flow. Total monthly income runs $916/mo, and a $597/mo payment keeps the spread at $174/mo. Purchase price stands at $121,900, and rental yield measures 9.02% with $916/mo rent. Return on cash invested shows 25.07% in year one, and 5% annual appreciation builds toward $33,679 over five years. Five-year ROI reaches 130.4% and total cumulative return in cash records $52,696. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $916/mo property income covering a $597/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42437, Morganfield, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,947 (100%) |
| Owner Occupied HU | 1,888 (64.1%) |
| Renter Occupied HU | 759 (25.8%) |
| Vacant Housing Units | 300 (10.2%) |
| Median Home Value | $175,467 |
| Average Home Value | $226,973 |
Housing Distribution
Address Breakdown
Residential
2,882
Single Family
2,865
Multi-Family
17
Businesses
302
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Listed by: Deiedre Mcpeake • Duncan and Associates
Mls Name: NY State MLS
Mls ID: #11545849