318 2nd StMidwayKY40347
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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 Midway at 318 2nd St, Midway, KY, 40347 uses $91,129 cash to close to unlock $5,837/yr annual cash flow and $486/mo monthly cash flow. Total monthly income runs $2,159/mo, and a $1,346/mo payment keeps the spread at $486/mo. Purchase price stands at $274,900, and rental yield measures 9.42% with $2,159/mo rent. Return on cash invested shows 26.31% in year one, and 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 137.1% and total cumulative return in cash records $124,935. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,159/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in N/A
7,187 sqft lot
$N/A/sqft
No HOA
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Listed by: David Montgomery • Lifstyl Real Estate
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #24025605
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.