39 Cedar DrMoreheadKY40351
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
Investment property for sale in Morehead at 39 Cedar Dr, Morehead, KY, 40351 at $245,000 posts ROI 23.84% with $266/mo cash flow from $1,757/mo rent. Total monthly income equals $1,757/mo, and annual cash flow records $3,192/yr on $81,218 to close. Return on cash invested measures 23.84% and rental yield reads 8.61% at the current $245,000. Equity gained on principal adds $1,581/yr, and 5% annual appreciation supports $67,689 by year five. Five-year ROI prints 123.83% and total cumulative return in cash totals $100,572.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,757/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1971
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40351, Morehead, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,508 (100%) |
| Owner Occupied HU | 5,462 (57.4%) |
| Renter Occupied HU | 2,805 (29.5%) |
| Vacant Housing Units | 1,241 (13.1%) |
| Median Home Value | $209,239 |
| Average Home Value | $227,488 |
Housing Distribution
Address Breakdown
Residential
8,950
Single Family
8,839
Multi-Family
111
Businesses
795
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Listed by: Shannon V Malone • HomeLand Real Estate Inc
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25014433
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.