309 Morgan StLondonKY40741
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 309 Morgan St, London, KY, 40741 generates $1,091/mo in rent and, after a $710/mo payment, leaves $208/mo in cash flow. Total monthly income is $1,091/mo, and annual cash flow is $2,499/yr on $48,068 invested. Return on cash invested sits at 25.11% in year one, and rental yield is 9.03% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 130.68% and total cumulative return in cash sums $62,816. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,091/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40741, London, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,313 (100%) |
| Owner Occupied HU | 6,421 (62.3%) |
| Renter Occupied HU | 2,983 (28.9%) |
| Vacant Housing Units | 909 ( 8.8%) |
| Median Home Value | $171,848 |
| Average Home Value | $210,766 |
Housing Distribution
Address Breakdown
Residential
9,973
Single Family
9,853
Multi-Family
120
Businesses
1,068
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices