400 Rice RdMoreheadKY40351
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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 Morehead at 400 Rice Rd, Morehead, KY, 40351 priced at $120,000 pairs $1,080/mo rent with $350/mo cash flow after a $587/mo payment. Total monthly income equals $1,080/mo, and annual cash flow comes to $4,200/yr on $39,780 invested. Return on cash invested is 30.47% in year one, and rental yield stands at 10.8% on a $120,000 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,154 by year five. Five-year ROI measures 159.29% and total cumulative return in cash reaches $63,367. For financing, Ziffy Mortgage’s DSCR program evaluates $1,080/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1998
1 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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