3693 Salt Lick RdBurkesvilleKY42717
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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
Investment property for sale in Burkesville at 3693 Salt Lick Rd, Burkesville, KY, 42717 uses $58,013 cash to close to unlock $6,642/yr annual cash flow and $553/mo monthly cash flow. Total monthly income runs $1,619/mo, and a $857/mo payment keeps the spread at $553/mo. Purchase price stands at $175,000, and rental yield measures 11.1% with $1,619/mo rent. Return on cash invested shows 31.36% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 164.15% and total cumulative return in cash records $95,227. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,619/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 2010
2.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42717, Burkesville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,578 (100%) |
| Owner Occupied HU | 2,061 (57.6%) |
| Renter Occupied HU | 664 (18.6%) |
| Vacant Housing Units | 853 (23.8%) |
| Median Home Value | $178,074 |
| Average Home Value | $203,655 |
Housing Distribution
Address Breakdown
Residential
3,103
Single Family
3,103
Multi-Family
0
Businesses
221
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Listed by: Heather Meadows • Southern Nest Realty, LLC
Mls Name: South Central Kentucky AOR
Mls ID: #SC47381