343 Otter Creek RdManchesterKY40962
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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 Manchester at 343 Otter Creek Rd, Manchester, KY, 40962 priced at $139,000 converts $1,104/mo rent into $258/mo cash flow after a $680/mo obligation. Total monthly income equals $1,104/mo, and annual cash flow totals $3,100/yr on $46,079 invested. Return on cash invested prints 26.64% in year one, and rental yield reads 9.53% against a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation compiles into $38,403 by year five. Five-year ROI reaches 138.88% and total cumulative return in cash sums $63,992. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,104/mo property income covering a $680/mo payment, not borrower’s personal income.
Manufactured
Built in N/A
23.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40962, Manchester, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,366 (100%) |
| Owner Occupied HU | 4,757 (64.6%) |
| Renter Occupied HU | 1,874 (25.4%) |
| Vacant Housing Units | 735 ( 10.0%) |
| Median Home Value | $91,071 |
| Average Home Value | $133,329 |
Housing Distribution
Address Breakdown
Residential
7,039
Single Family
6,987
Multi-Family
52
Businesses
479
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Listed by: Debbie Williams • Sallie Davidson, Realtors
Mls Name: Imagine MLS
Mls ID: #26000156