337 Solar DrMount VernonKY40456
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mount Vernon at 337 Solar Dr, Mount Vernon, KY, 40456 priced at $415,000 converts $2,983/mo rent into $457/mo cash flow after a $2,031/mo obligation. Total monthly income equals $2,983/mo, and annual cash flow totals $5,490/yr on $137,573 invested. Return on cash invested prints 23.9% in year one, and rental yield reads 8.63% against a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation compiles into $114,657 by year five. Five-year ROI reaches 124.1% and total cumulative return in cash sums $170,733. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,983/mo property income covering a $2,031/mo payment, not borrower’s personal income.
Single Family
Built in 2003
1.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40456, Mount Vernon, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,237 (100%) |
| Owner Occupied HU | 2,859 (67.5%) |
| Renter Occupied HU | 939 (22.2%) |
| Vacant Housing Units | 439 (10.4%) |
| Median Home Value | $140,961 |
| Average Home Value | $190,641 |
Housing Distribution
Address Breakdown
Residential
3,656
Single Family
3,656
Multi-Family
0
Businesses
274
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Nearby investment properties with comparable prices
Listed by: Donna Gregorich • CENTURY 21 Advantage Realty
Mls Name: Imagine MLS
Mls ID: #25504773