375 Magnolia Lake LnUticaKY42376
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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 Utica at 375 Magnolia Lake Ln, Utica, KY, 42376 priced at $160,000 pairs $2,220/mo rent with $1,246/mo cash flow after a $783/mo payment. Total monthly income equals $2,220/mo, and annual cash flow comes to $14,956/yr on $53,040 invested. Return on cash invested is 48.11% in year one, and rental yield stands at 16.65% on a $160,000 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,205 by year five. Five-year ROI measures 253.98% and total cumulative return in cash reaches $134,714. For financing, Ziffy Mortgage’s DSCR program evaluates $2,220/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1984
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42376, Utica, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,730 (100%) |
| Owner Occupied HU | 2,252 (82.5%) |
| Renter Occupied HU | 320 (11.7%) |
| Vacant Housing Units | 158 ( 5.8%) |
| Median Home Value | $240,430 |
| Average Home Value | $256,796 |
Housing Distribution
Address Breakdown
Residential
2,770
Single Family
2,770
Multi-Family
0
Businesses
58
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Listed by: Carol Lamar • L. Steve Castlen, REALTORS
Mls Name: Greater Owensboro Realtor Association
Mls Provider:
Mls ID: #93430
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