223 Manley AveVine GroveKY40175
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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 Vine Grove at 223 Manley Ave, Vine Grove, KY, 40175 priced at $188,000 converts $2,280/mo rent into $1,136/mo cash flow after a $920/mo obligation. Total monthly income equals $2,280/mo, and annual cash flow totals $13,632/yr on $62,322 invested. Return on cash invested prints 41.78% in year one, and rental yield reads 14.55% against a $188,000 entry. Equity gained on principal adds $1,213/yr, while 5% annual appreciation compiles into $51,941 by year five. Five-year ROI reaches 219.98% and total cumulative return in cash sums $137,096. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,280/mo property income covering a $920/mo payment, not borrower’s personal income.
Single Family
Built in 1961
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40175, Vine Grove, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,637 (100%) |
| Owner Occupied HU | 4,713 (71.0%) |
| Renter Occupied HU | 1,418 (21.4%) |
| Vacant Housing Units | 506 ( 7.6%) |
| Median Home Value | $257,249 |
| Average Home Value | $269,255 |
Housing Distribution
Address Breakdown
Residential
6,160
Single Family
6,160
Multi-Family
0
Businesses
170
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Listed by: Alexis Harris • RE/MAX Professional Realty Group
Mls Name: HKMLS
Mls Provider:
Mls ID: #HK24003012
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