305 Lone Oak RdMount VernonKY40456
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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
Rental property for sale in Mount Vernon at 305 Lone Oak Rd, Mount Vernon, KY, 40456 priced at $429,000 pairs $1,648/mo rent with after a $2,100/mo payment. Total monthly income equals $1,648/mo. Return on cash invested is 11.78% in year one, and rental yield stands at 4.61% on a $429,000 basis. Equity gained on principal adds $2,768/yr, and 5% annual appreciation accumulates to $118,525 by year five. Five-year ROI measures 59.12% and total cumulative return in cash reaches $84,073. For financing, Ziffy Mortgage’s DSCR program evaluates $1,648/mo property income against a $2,100/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
6.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40456, Mount Vernon, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,237 (100%) |
| Owner Occupied HU | 2,859 (67.5%) |
| Renter Occupied HU | 939 (22.2%) |
| Vacant Housing Units | 439 (10.4%) |
| Median Home Value | $140,961 |
| Average Home Value | $190,641 |
Housing Distribution
Address Breakdown
Residential
3,656
Single Family
3,656
Multi-Family
0
Businesses
274
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Listed by: Mimi Iverson • Real Broker, LLC
Mls Name: Imagine MLS
Mls ID: #26000128