313 Michael RdMelberKY42069
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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 Melber at 313 Michael Rd, Melber, KY, 42069 uses $49,692 cash to close to unlock $3,244/yr annual cash flow and $270/mo monthly cash flow. Total monthly income runs $1,183/mo, and a $734/mo payment keeps the spread at $270/mo. Purchase price stands at $149,900, and rental yield measures 9.47% with $1,183/mo rent. Return on cash invested shows 26.44% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 137.79% and total cumulative return in cash records $68,471. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,183/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 2000
10.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42069, Melber, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 452 (100%) |
| Owner Occupied HU | 332 (73.5%) |
| Renter Occupied HU | 71 (15.7%) |
| Vacant Housing Units | 49 (10.8%) |
| Median Home Value | $206,000 |
| Average Home Value | $246,890 |
Housing Distribution
Address Breakdown
Residential
407
Single Family
407
Multi-Family
0
Businesses
10
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