3881 New Irvine RdWacoKY40385
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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 Waco at 3881 New Irvine Rd, Waco, KY, 40385 generates $1,468/mo in rent and, after a $753/mo payment, leaves $532/mo in cash flow. Total monthly income is $1,468/mo, and annual cash flow is $6,381/yr on $50,985 invested. Return on cash invested sits at 32.42% in year one, and rental yield is 11.45% on a $153,800 entry. Equity gained on principal adds $992/yr, while 5% annual appreciation builds toward $42,492 over five years. Five-year ROI reaches 169.86% and total cumulative return in cash sums $86,603. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,468/mo property income rather than buyer’s personal income.
Manufactured
Built in 1995
1.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40385, Waco, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,469 (100%) |
| Owner Occupied HU | 1,143 (77.8%) |
| Renter Occupied HU | 213 (14.5%) |
| Vacant Housing Units | 113 ( 7.7%) |
| Median Home Value | $233,647 |
| Average Home Value | $285,385 |
Housing Distribution
Address Breakdown
Residential
1,248
Single Family
1,248
Multi-Family
0
Businesses
62
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