3910 Nine Mile RdMelbourneKY41059
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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 Melbourne at 3910 Nine Mile Rd, Melbourne, KY, 41059 uses $69,615 cash to close to unlock $3,381/yr annual cash flow and $282/mo monthly cash flow. Total monthly income runs $1,560/mo, and a $1,028/mo payment keeps the spread at $282/mo. Purchase price stands at $210,000, and rental yield measures 8.91% with $1,560/mo rent. Return on cash invested shows 24.77% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 128.77% and total cumulative return in cash records $89,644. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,560/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in N/A
1.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41059, Melbourne, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,171 (100%) |
| Owner Occupied HU | 845 (72.2%) |
| Renter Occupied HU | 226 (19.3%) |
| Vacant Housing Units | 100 ( 8.5%) |
| Median Home Value | $279,375 |
| Average Home Value | $354,393 |
Housing Distribution
Address Breakdown
Residential
1,030
Single Family
969
Multi-Family
61
Businesses
36
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