220 Newcomb AveMount VernonKY40456
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 Mount Vernon at 220 Newcomb Ave, Mount Vernon, KY, 40456 priced at $239,900 converts $2,160/mo rent into $700/mo cash flow after a $1,174/mo obligation. Total monthly income equals $2,160/mo, and annual cash flow totals $8,401/yr on $79,527 invested. Return on cash invested prints 30.47% in year one, and rental yield reads 10.8% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 159.43% and total cumulative return in cash sums $126,787. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.29 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: Becky McNabb • WEICHERT REALTORS - Ford Brothers
Mls Name: Imagine MLS
Mls ID: #25500000