330 Louie Meeks RdOaklandKY42159
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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 Oakland at 330 Louie Meeks Rd, Oakland, KY, 42159 generates $2,772/mo in rent, after a $4,160/mo payment. Total monthly income is $2,772/mo. Return on cash invested sits at 9.76% in year one, and rental yield is 3.91% on a $850,000 entry. Equity gained on principal adds $5,485/yr, while 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 48.24% and total cumulative return in cash sums $134,914. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,772/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
16.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42159, Oakland, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 662 (100%) |
| Owner Occupied HU | 487 (73.6%) |
| Renter Occupied HU | 115 (17.4%) |
| Vacant Housing Units | 60 ( 9.1%) |
| Median Home Value | $283,269 |
| Average Home Value | $325,262 |
Housing Distribution
Address Breakdown
Residential
462
Single Family
462
Multi-Family
0
Businesses
14
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