31 Richardson RdMunfordvilleKY42765
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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 Munfordville at 31 Richardson Rd, Munfordville, KY, 42765 offers $1,535/mo rent that, after a $758/mo payment, leaves $592/mo cash flow. Total monthly income is $1,535/mo, and annual cash flow is $7,109/yr on $51,349 cash. Return on cash invested measures 33.75% in year one, and rental yield stands at 11.89% at a $154,900 entry. Equity gained on principal adds $1,000/yr while 5% annual appreciation compounds into $42,796 by year five. Five-year ROI records 176.99% and total cumulative return in cash reaches $90,884. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,535/mo property income versus a $758/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42765, Munfordville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,602 (100%) |
| Owner Occupied HU | 1,598 (61.4%) |
| Renter Occupied HU | 632 (24.3%) |
| Vacant Housing Units | 372 (14.3%) |
| Median Home Value | $178,512 |
| Average Home Value | $218,889 |
Housing Distribution
Address Breakdown
Residential
2,386
Single Family
2,386
Multi-Family
0
Businesses
207
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Listed by: Nicholas Novak • Knob & Key Realty, LLC
Mls Name: HKMLS
Mls Provider:
Mls ID: #HK24002708
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.