3163 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
Investment property for sale in Independence at 3163 Summitrun Dr, Independence, KY, 41051 offers a 9.68% rental yield on a $279,900 purchase with $2,258/mo rent. Total monthly income registers $2,258/mo, and a $1,370/mo payment leaves $531/mo available for distribution. Annual cash flow reaches $6,373/yr on $92,787 to close, and return on cash invested stands at 26.78% in year one. Equity gained on principal adds $1,806/yr while 5% annual appreciation supports $77,331 over five years. Portfolio math shows five-year ROI at 139.69% and total cumulative return in cash at $129,613. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,258/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
5,924 sqft lot
$N/A/sqft
$280 annually 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: Austin Polley • Distinctive Living
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25011877
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.