400 Kentucky AveMelbourneKY41059
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
Rental property for sale in Melbourne at 400 Kentucky Ave, Melbourne, KY, 41059 offers $2,790/mo rent that, after a $1,419/mo payment, leaves $1,026/mo cash flow. Total monthly income is $2,790/mo, and annual cash flow is $12,306/yr on $96,102 cash. Return on cash invested measures 32.71% in year one, and rental yield stands at 11.55% at a $289,900 entry. Equity gained on principal adds $1,871/yr while 5% annual appreciation compounds into $80,094 by year five. Five-year ROI records 171.4% and total cumulative return in cash reaches $164,721. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,790/mo property income versus a $1,419/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
10,018 sqft 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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