220 Bays AveMoreheadKY40351
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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 Morehead at 220 Bays Ave, Morehead, KY, 40351 generates $2,432/mo in rent and, after a $1,615/mo payment, leaves $424/mo in cash flow. Total monthly income is $2,432/mo, and annual cash flow is $5,086/yr on $109,362 invested. Return on cash invested sits at 24.56% in year one, and rental yield is 8.85% on a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 127.64% and total cumulative return in cash sums $139,587. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,432/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40351, Morehead, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,508 (100%) |
| Owner Occupied HU | 5,462 (57.4%) |
| Renter Occupied HU | 2,805 (29.5%) |
| Vacant Housing Units | 1,241 (13.1%) |
| Median Home Value | $209,239 |
| Average Home Value | $227,488 |
Housing Distribution
Address Breakdown
Residential
8,950
Single Family
8,839
Multi-Family
111
Businesses
795
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