2850 Lower Licking RdMoreheadKY40351
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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 Morehead at 2850 Lower Licking Rd, Morehead, KY, 40351 earns $393/mo cash flow from $2,058/mo rent with a $1,339/mo payment. Total monthly income totals $2,058/mo, and annual cash flow totals $4,717/yr on $90,665 capital. ROI tracks 25.11% on current figures, and rental yield reads 9.03% at a $273,500 purchase. Equity gained on principal adds $1,765/yr, and 5% annual appreciation supports $75,563 over five years. Five-year ROI reaches 130.67% and total cumulative return in cash sums $118,472. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,058/mo property income instead of your personal income.
Single Family
Built in 2009
19.87 Acres lot
$N/A/sqft
No 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
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