232 E Martin Luther King AveLebanonKY40033
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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 Lebanon at 232 E Martin Luther King Ave, Lebanon, KY, 40033 priced at $139,000 pairs $1,147/mo rent with $301/mo cash flow after a $680/mo payment. Total monthly income equals $1,147/mo, and annual cash flow comes to $3,616/yr on $46,079 invested. Return on cash invested is 27.76% in year one, and rental yield stands at 9.9% on a $139,000 basis. Equity gained on principal adds $897/yr, and 5% annual appreciation accumulates to $38,403 by year five. Five-year ROI measures 144.87% and total cumulative return in cash reaches $66,752. For financing, Ziffy Mortgage’s DSCR program evaluates $1,147/mo property income against a $680/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40033, Lebanon, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,617 (100%) |
| Owner Occupied HU | 3,542 (63.1%) |
| Renter Occupied HU | 1,722 (30.7%) |
| Vacant Housing Units | 353 ( 6.3%) |
| Median Home Value | $185,778 |
| Average Home Value | $229,809 |
Housing Distribution
Address Breakdown
Residential
5,459
Single Family
5,355
Multi-Family
104
Businesses
476
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