3359 Wells RdNortonvilleKY42442
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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 Nortonville at 3359 Wells Rd, Nortonville, KY, 42442 generates $840/mo in rent, after a $2,080/mo payment. Total monthly income is $840/mo. Return on cash invested sits at 5.03% in year one, and rental yield is 2.37% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 22.94% and total cumulative return in cash sums $32,321. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $840/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
1.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42442, Nortonville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,254 (100%) |
| Owner Occupied HU | 859 (68.5%) |
| Renter Occupied HU | 280 (22.3%) |
| Vacant Housing Units | 115 ( 9.2%) |
| Median Home Value | $129,276 |
| Average Home Value | $126,304 |
Housing Distribution
Address Breakdown
Residential
1,135
Single Family
1,135
Multi-Family
0
Businesses
57
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Listed by: Lavena Cavanaugh • Bhg Realty
Mls Name: MHCBOR
Mls ID: #117509