226 Melody DrNew HavenKY40051
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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 New Haven at 226 Melody Dr, New Haven, KY, 40051 uses $49,692 cash to close to unlock $5,308/yr annual cash flow and $442/mo monthly cash flow. Total monthly income runs $1,355/mo, and a $734/mo payment keeps the spread at $442/mo. Purchase price stands at $149,900, and rental yield measures 10.85% with $1,355/mo rent. Return on cash invested shows 30.59% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 160.06% and total cumulative return in cash records $79,535. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,355/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in N/A
5,009 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40051, New Haven, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,045 (100%) |
| Owner Occupied HU | 1,501 (73.4%) |
| Renter Occupied HU | 369 (18.0%) |
| Vacant Housing Units | 175 ( 8.6%) |
| Median Home Value | $237,238 |
| Average Home Value | $262,980 |
Housing Distribution
Address Breakdown
Residential
1,839
Single Family
1,839
Multi-Family
0
Businesses
55
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