346 Lake AveLebanonKY40033
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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 Lebanon at 346 Lake Ave, Lebanon, KY, 40033 priced at $150,000 converts $1,135/mo rent into $222/mo cash flow after a $734/mo obligation. Total monthly income equals $1,135/mo, and annual cash flow totals $2,667/yr on $49,725 invested. Return on cash invested prints 25.27% in year one, and rental yield reads 9.08% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 131.54% and total cumulative return in cash sums $65,406. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,135/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1975
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40033, Lebanon, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,617 (100%) |
| Owner Occupied HU | 3,542 (63.1%) |
| Renter Occupied HU | 1,722 (30.7%) |
| Vacant Housing Units | 353 ( 6.3%) |
| Median Home Value | $185,778 |
| Average Home Value | $229,809 |
Housing Distribution
Address Breakdown
Residential
5,459
Single Family
5,355
Multi-Family
104
Businesses
476
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