3514 Kellie LnMelbourneKY41059
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 3514 Kellie Ln, Melbourne, KY, 41059 in Melbourne worth study. Rental yield 3.4%. The 3.4% gross yield is below cash-flow benchmarks at $549,999, but 5% annual appreciation, adding $151,955 over five years, frames this as a capital growth position. Rent of $1,560/mo partially offsets the $2,473/mo payment. Ziffy Mortgage finances appreciation-play properties (0.63 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $93,317.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.4% | 6.5% |
| Monthly Cash Flow | $(1,787) | $250 |
City averages based on Melbourne market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,560 |
| Total Monthly Debt Service | $3,129 |
| DSCR Ratio | 0.50x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2002
2.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41059, Melbourne, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,171 (100%) |
| Owner Occupied HU | 845 (72.2%) |
| Renter Occupied HU | 226 (19.3%) |
| Vacant Housing Units | 100 ( 8.5%) |
| Median Home Value | $279,375 |
| Average Home Value | $354,393 |
Housing Distribution
Address Breakdown
Residential
1,030
Single Family
969
Multi-Family
61
Businesses
36
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
Single Family
Built in 2002
2.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41059, Melbourne, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,171 (100%) |
| Owner Occupied HU | 845 (72.2%) |
| Renter Occupied HU | 226 (19.3%) |
| Vacant Housing Units | 100 ( 8.5%) |
| Median Home Value | $279,375 |
| Average Home Value | $354,393 |
Housing Distribution
Address Breakdown
Residential
1,030
Single Family
969
Multi-Family
61
Businesses
36
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices