324 Whitaker WayMorganfieldKY42437
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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
Rental property for sale in Morganfield at 324 Whitaker Way, Morganfield, KY, 42437 generates $2,288/mo in rent and, after a $1,615/mo payment, leaves $280/mo in cash flow. Total monthly income is $2,288/mo, and annual cash flow is $3,357/yr on $109,395 invested. Return on cash invested sits at 22.98% in year one, and rental yield is 8.32% on a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 119.17% and total cumulative return in cash sums $130,367. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,288/mo property income rather than buyer’s personal income.
Single Family
Built in 2013
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42437, Morganfield, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,947 (100%) |
| Owner Occupied HU | 1,888 (64.1%) |
| Renter Occupied HU | 759 (25.8%) |
| Vacant Housing Units | 300 (10.2%) |
| Median Home Value | $175,467 |
| Average Home Value | $226,973 |
Housing Distribution
Address Breakdown
Residential
2,882
Single Family
2,865
Multi-Family
17
Businesses
302
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Listed by: Stephanie Chrisman • F.C. TUCKER/COLLIER
Mls Name: HAMLS
Mls ID: #250608