303 Lindsey StNewportKY41071
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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 Newport at 303 Lindsey St, Newport, KY, 41071 uses $49,725 cash to close to unlock $2,919/yr annual cash flow and $243/mo monthly cash flow. Total monthly income runs $1,156/mo, and a $734/mo payment keeps the spread at $243/mo. Purchase price stands at $150,000, and rental yield measures 9.25% with $1,156/mo rent. Return on cash invested shows 25.78% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 134.26% and total cumulative return in cash records $66,762. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,156/mo property income covering a $734/mo payment rather than investor’s personal income.
Townhouse
Built in N/A
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41071, Newport, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,761 (100%) |
| Owner Occupied HU | 4,704 (43.7%) |
| Renter Occupied HU | 4,954 (46.0%) |
| Vacant Housing Units | 1,103 (10.2%) |
| Median Home Value | $260,721 |
| Average Home Value | $296,826 |
Housing Distribution
Address Breakdown
Residential
9,864
Single Family
7,027
Multi-Family
2,837
Businesses
682
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