3200 Us Highway 60 WMoreheadKY40351
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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 Morehead at 3200 Us Highway 60 W, Morehead, KY, 40351 earns $224/mo cash flow from $985/mo rent with a $612/mo payment. Total monthly income totals $985/mo, and annual cash flow totals $2,688/yr on $41,438 capital. ROI tracks 26.4% on current figures, and rental yield reads 9.46% at a $125,000 purchase. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 over five years. Five-year ROI reaches 137.6% and total cumulative return in cash sums $57,017. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $985/mo property income instead of your personal income.
Single Family
Built in N/A
2.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40351, Morehead, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,508 (100%) |
| Owner Occupied HU | 5,462 (57.4%) |
| Renter Occupied HU | 2,805 (29.5%) |
| Vacant Housing Units | 1,241 (13.1%) |
| Median Home Value | $209,239 |
| Average Home Value | $227,488 |
Housing Distribution
Address Breakdown
Residential
8,950
Single Family
8,839
Multi-Family
111
Businesses
795
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Listed by: Damon M Ballinger • C Roger Lewis Agency
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25010885
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.