362/364 Palmetto LoopGlendaleKY42740
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 Glendale at 362/364 Palmetto Loop, Glendale, KY, 42740 generates $1,861/mo in rent and, after a $1,415/mo payment, leaves $102/mo in cash flow. Total monthly income is $1,861/mo, and annual cash flow is $1,219/yr on $95,804 invested. Return on cash invested sits at 21.18% in year one, and rental yield is 7.73% on a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 109.55% and total cumulative return in cash sums $104,954. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,861/mo property income rather than buyer’s personal income.
Multi Family
Built in 2023
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42740, Glendale, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 839 (100%) |
| Owner Occupied HU | 644 (76.8%) |
| Renter Occupied HU | 111 (13.2%) |
| Vacant Housing Units | 84 (10.0%) |
| Median Home Value | $339,631 |
| Average Home Value | $375,835 |
Housing Distribution
Address Breakdown
Residential
779
Single Family
779
Multi-Family
0
Businesses
45
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Listed by: Christopher E Lohden • GOLD STAR REALTY
Mls Name: HKMLS
Mls Provider:
Mls ID: #HK25002860
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.