407 Montjoy St #403-405-409FalmouthKY41040
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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 Falmouth at 407 Montjoy St #403-405-409, Falmouth, KY, 41040 uses $59,339 cash to close to unlock $608/yr annual cash flow and $51/mo monthly cash flow. Total monthly income runs $1,140/mo, and a $876/mo payment keeps the spread at $51/mo. Purchase price stands at $179,000, and rental yield measures 7.64% with $1,140/mo rent. Return on cash invested shows 20.93% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 108.22% and total cumulative return in cash records $64,215. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,140/mo property income covering a $876/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41040, Falmouth, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,370 (100%) |
| Owner Occupied HU | 2,111 (62.6%) |
| Renter Occupied HU | 808 (24.0%) |
| Vacant Housing Units | 451 (13.4%) |
| Median Home Value | $155,611 |
| Average Home Value | $176,611 |
Housing Distribution
Address Breakdown
Residential
3,082
Single Family
3,012
Multi-Family
70
Businesses
221
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