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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Burlington at 2284 Medlock Ln APT 101, Burlington, KY, 41005 generates $1,082/mo in rent and, after a $661/mo payment, leaves $260/mo in cash flow. Total monthly income is $1,082/mo, and annual cash flow is $3,121/yr on $44,753 invested. Return on cash invested sits at 26.88% in year one, and rental yield is 9.62% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 140.24% and total cumulative return in cash sums $62,761. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,082/mo property income rather than buyer’s personal income.
Condo
Built in N/A
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 41005, Burlington, KY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,618 (100%) |
| Owner Occupied HU | 7,263 (75.5%) |
| Renter Occupied HU | 1,954 (20.3%) |
| Vacant Housing Units | 401 ( 4.2%) |
| Median Home Value | $282,376 |
| Average Home Value | $325,137 |
Residential
9,248
Single Family
8,080
Multi-Family
1,168
Businesses
392
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Mike Helson • The Realty Place
Mls Name: NKMLS
Mls ID: #637495
