233 Bendefield RdFarmingtonKY42040
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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 Farmington at 233 Bendefield Rd, Farmington, KY, 42040 generates $1,451/mo in rent and, after a $734/mo payment, leaves $538/mo in cash flow. Total monthly income is $1,451/mo, and annual cash flow is $6,460/yr on $49,692 invested. Return on cash invested sits at 32.91% in year one, and rental yield is 11.62% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 172.49% and total cumulative return in cash sums $85,715. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,451/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42040, Farmington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 502 (100%) |
| Owner Occupied HU | 351 (69.9%) |
| Renter Occupied HU | 113 (22.5%) |
| Vacant Housing Units | 38 ( 7.6%) |
| Median Home Value | $191,518 |
| Average Home Value | $237,393 |
Housing Distribution
Address Breakdown
Residential
486
Single Family
485
Multi-Family
1
Businesses
17
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Listed by: Daniel Wade • eXp Realty, LLC
Mls Name: WKRMLS
Mls ID: #132529
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.