224 E Higgins StMidwayKY40347
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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 Midway at 224 E Higgins St, Midway, KY, 40347 offers $1,444/mo rent that, after a $1,060/mo payment, leaves $126/mo cash flow. Total monthly income is $1,444/mo, and annual cash flow is $1,512/yr on $71,770 cash. Return on cash invested measures 22.02% in year one, and rental yield stands at 8% at a $216,500 entry. Equity gained on principal adds $1,397/yr while 5% annual appreciation compounds into $59,815 by year five. Five-year ROI records 114% and total cumulative return in cash reaches $81,820. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,444/mo property income versus a $1,060/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
1,742 sqft lot
$N/A/sqft
No HOA
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Listed by: Makenna Walls • Torrey Smith Realty Co, LLC
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25012426
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.