329 1st St,Midway,KY,40347

Investment Highlights

Investment property for sale in Midway at 329 1st St, Midway, KY, 40347 offers a 8.14% rental yield on a $221,000 purchase with $1,500/mo rent. Total monthly income registers $1,500/mo, and a $1,082/mo payment leaves $155/mo available for distribution. Annual cash flow reaches $1,856/yr on $73,262 to close, and return on cash invested stands at 22.44% in year one. Equity gained on principal adds $1,426/yr while 5% annual appreciation supports $61,058 over five years. Portfolio math shows five-year ROI at 116.3% and total cumulative return in cash at $85,201. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,500/mo property income against a $1,082/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.