298 Clay Lucas DrLondonKY40744
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
Investment Highlights
Rental property for sale in London at 298 Clay Lucas Dr, London, KY, 40744 offers $2,370/mo rent that, after a $1,047/mo payment, leaves $1,068/mo cash flow. Total monthly income is $2,370/mo, and annual cash flow is $12,816/yr on $70,941 cash. Return on cash invested measures 37.97% in year one, and rental yield stands at 13.29% at a $214,000 entry. Equity gained on principal adds $1,381/yr while 5% annual appreciation compounds into $59,124 by year five. Five-year ROI records 199.58% and total cumulative return in cash reaches $141,587. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,370/mo property income versus a $1,047/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40744, London, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,192 (100%) |
| Owner Occupied HU | 5,614 (68.5%) |
| Renter Occupied HU | 1,960 (23.9%) |
| Vacant Housing Units | 618 ( 7.5%) |
| Median Home Value | $171,588 |
| Average Home Value | $215,546 |
Housing Distribution
Address Breakdown
Residential
8,043
Single Family
7,870
Multi-Family
173
Businesses
255
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gloria Scott • WEICHERT REALTORS - Ford Brothers
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25017134
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.