3115 Summitrun DrIndependenceKY41051
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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 Independence at 3115 Summitrun Dr, Independence, KY, 41051 generates $2,850/mo in rent and, after a $1,733/mo payment, leaves $695/mo in cash flow. Total monthly income is $2,850/mo, and annual cash flow is $8,342/yr on $117,351 invested. Return on cash invested sits at 27.02% in year one, and rental yield is 9.66% on a $354,000 entry. Equity gained on principal adds $2,284/yr, while 5% annual appreciation builds toward $97,804 over five years. Five-year ROI reaches 140.86% and total cumulative return in cash sums $165,298. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,850/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41051, Independence, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,467 (100%) |
| Owner Occupied HU | 9,379 (81.8%) |
| Renter Occupied HU | 1,783 (15.5%) |
| Vacant Housing Units | 305 ( 2.7%) |
| Median Home Value | $266,323 |
| Average Home Value | $300,312 |
Housing Distribution
Address Breakdown
Residential
11,820
Single Family
11,350
Multi-Family
470
Businesses
356
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Listed by: Scott Coffman • Coffman's Realty
Mls Name: NKMLS
Mls ID: #638899