2623 W Wickliffe RdWickliffeKY42087
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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
Investment property for sale in Wickliffe at 2623 W Wickliffe Rd, Wickliffe, KY, 42087 uses $44,719 cash to close to unlock $231/yr annual cash flow and $19/mo monthly cash flow. Total monthly income runs $840/mo, and a $660/mo payment keeps the spread at $19/mo. Purchase price stands at $134,900, and rental yield measures 7.47% with $840/mo rent. Return on cash invested shows 20.43% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 105.55% and total cumulative return in cash records $47,201. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $840/mo property income covering a $660/mo payment rather than investor’s personal income.
Manufactured
Built in N/A
1.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42087, Wickliffe, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,025 (100%) |
| Owner Occupied HU | 716 (69.9%) |
| Renter Occupied HU | 156 (15.2%) |
| Vacant Housing Units | 153 (14.9%) |
| Median Home Value | $112,097 |
| Average Home Value | $224,906 |
Housing Distribution
Address Breakdown
Residential
913
Single Family
913
Multi-Family
0
Businesses
74
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Listed by: Gabriele Smith • Keller Williams Experience Realty Paducah Branch
Mls Name: WKRMLS
Mls ID: #131534
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.