2292 Medlock Ln APT 208BurlingtonKY41005
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt 1.70, 2292 Medlock Ln APT 208, Burlington, KY, 41005 in Burlington sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 9.19%. The 9.19% yield is backed by 5% annual appreciation projecting $43,100 in value gain, plus $1,437/yr in principal reduction. Total projected cumulative return: $53,062.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 8.3% |
| Monthly Cash Flow | $(119) | $800 |
City averages based on Burlington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,195 |
| Total Monthly Debt Service | $1,252 |
| DSCR Ratio | 0.95x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2000
N/A lot
$N/A/sqft
$365 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41005, Burlington, KY area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
9,248
Single Family
8,080
Multi-Family
1,168
Businesses
392
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
Condo
Built in 2000
N/A lot
$N/A/sqft
$365 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41005, Burlington, KY area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
9,248
Single Family
8,080
Multi-Family
1,168
Businesses
392
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matthew Trelc • Keller Williams Advisors
Mls Name: NKMLS
Mls Provider:
Mls ID: #627718
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