3118 Us Highway 421ManchesterKY40962
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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 Manchester at 3118 Us Highway 421, Manchester, KY, 40962 earns $1,346/mo cash flow from $2,351/mo rent with a $808/mo payment. Total monthly income totals $2,351/mo, and annual cash flow totals $16,156/yr on $54,698 capital. ROI tracks 49.45% on current figures, and rental yield reads 17.1% at a $165,000 purchase. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 over five years. Five-year ROI reaches 261.16% and total cumulative return in cash sums $142,847. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,351/mo property income instead of your personal income.
Single Family
Built in 1984
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40962, Manchester, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,366 (100%) |
| Owner Occupied HU | 4,757 (64.6%) |
| Renter Occupied HU | 1,874 (25.4%) |
| Vacant Housing Units | 735 ( 10.0%) |
| Median Home Value | $91,071 |
| Average Home Value | $133,329 |
Housing Distribution
Address Breakdown
Residential
7,039
Single Family
6,987
Multi-Family
52
Businesses
479
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Listed by: Jesse Sizemore • CENTURY 21 Advantage Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #22026196
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.