2316 Northmoor Ln APT 207BurlingtonKY41005
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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 Burlington at 2316 Northmoor Ln APT 207, Burlington, KY, 41005 generates $1,440/mo in rent and, after a $890/mo payment, leaves $333/mo in cash flow. Total monthly income is $1,440/mo, and annual cash flow is $3,999/yr on $60,300 invested. Return on cash invested sits at 26.54% in year one, and rental yield is 9.5% on a $181,900 entry. Equity gained on principal adds $1,174/yr, while 5% annual appreciation builds toward $50,256 over five years. Five-year ROI reaches 138.33% and total cumulative return in cash sums $83,413. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,440/mo property income rather than buyer’s personal income.
Condo
Built in 1998
N/A lot
$N/A/sqft
No 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
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Listed by: Marie Cook • Coldwell Banker Realty
Mls Name: NKMLS
Mls ID: #634242