28 Turkey Point RdWellingtonKY40387
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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
Investment Highlights
Investment property for sale in Wellington at 28 Turkey Point Rd, Wellington, KY, 40387 offers a 7.47% rental yield on a $309,500 purchase with $1,927/mo rent. Total monthly income registers $1,927/mo, and a $1,515/mo payment leaves $43/mo available for distribution. Annual cash flow reaches $518/yr on $102,599 to close, and return on cash invested stands at 20.41% in year one. Equity gained on principal adds $1,997/yr while 5% annual appreciation supports $85,509 over five years. Portfolio math shows five-year ROI at 105.43% and total cumulative return in cash at $108,174. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,927/mo property income against a $1,515/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2020
0.64 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40387, Wellington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,367 (100%) |
| Owner Occupied HU | 704 (51.5%) |
| Renter Occupied HU | 127 ( 9.3%) |
| Vacant Housing Units | 536 (39.2%) |
| Median Home Value | $104,600 |
| Average Home Value | $113,746 |
Housing Distribution
Address Breakdown
Residential
1,154
Single Family
1,154
Multi-Family
0
Businesses
11
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Listed by: Sherri Miller • Keller Williams Legacy Group
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25019108
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.