215 Joyce StMount VernonKY40456
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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 Mount Vernon at 215 Joyce St, Mount Vernon, KY, 40456 earns $233/mo cash flow from $1,024/mo rent with a $636/mo payment. Total monthly income totals $1,024/mo, and annual cash flow totals $2,798/yr on $43,062 capital. ROI tracks 26.41% on current figures, and rental yield reads 9.46% at a $129,900 purchase. Equity gained on principal adds $838/yr, and 5% annual appreciation supports $35,889 over five years. Five-year ROI reaches 137.65% and total cumulative return in cash sums $59,275. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,024/mo property income instead of your personal income.
Single Family
Built in 1977
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40456, Mount Vernon, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,237 (100%) |
| Owner Occupied HU | 2,859 (67.5%) |
| Renter Occupied HU | 939 (22.2%) |
| Vacant Housing Units | 439 (10.4%) |
| Median Home Value | $140,961 |
| Average Home Value | $190,641 |
Housing Distribution
Address Breakdown
Residential
3,656
Single Family
3,656
Multi-Family
0
Businesses
274
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Listed by: Richard Stephens • South Fork Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25000098
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.