27 Lakeshore DrMoreheadKY40351
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 27 Lakeshore Dr, Morehead, KY, 40351 in Morehead is listed at $256,400 and delivers $1,970/mo in rent and $385/mo in net monthly cash flow. The 9.22% yield and 1.71 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $70,839 over five years, and $2,361/yr in principal reduction supplements cash return. Total projected cumulative return: $121,983.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 7.0% |
| Monthly Cash Flow | $385 | $150 |
City averages based on Morehead market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,970 |
| Total Monthly Debt Service | $1,483 |
| DSCR Ratio | 1.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 2023
7,841 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40351, Morehead, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,508 (100%) |
| Owner Occupied HU | 5,462 (57.4%) |
| Renter Occupied HU | 2,805 (29.5%) |
| Vacant Housing Units | 1,241 (13.1%) |
| Median Home Value | $209,239 |
| Average Home Value | $227,488 |
Housing Distribution
Address Breakdown
Residential
8,950
Single Family
8,839
Multi-Family
111
Businesses
795
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
Single Family
Built in 2023
7,841 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40351, Morehead, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,508 (100%) |
| Owner Occupied HU | 5,462 (57.4%) |
| Renter Occupied HU | 2,805 (29.5%) |
| Vacant Housing Units | 1,241 (13.1%) |
| Median Home Value | $209,239 |
| Average Home Value | $227,488 |
Housing Distribution
Address Breakdown
Residential
8,950
Single Family
8,839
Multi-Family
111
Businesses
795
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shari Frasure • Keller Williams Commonwealth
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25006332
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.