408 Merchant StColumbiaKY42728
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 Columbia at 408 Merchant St, Columbia, KY, 42728 offers $1,939/mo rent that, after a $1,125/mo payment, leaves $540/mo cash flow. Total monthly income is $1,939/mo, and annual cash flow is $6,480/yr on $76,212 cash. Return on cash invested measures 28.41% in year one, and rental yield stands at 10.12% at a $229,900 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,517 by year five. Five-year ROI records 148.37% and total cumulative return in cash reaches $113,075. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,939/mo property income versus a $1,125/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42728, Columbia, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,454 (100%) |
| Owner Occupied HU | 4,718 (63.3%) |
| Renter Occupied HU | 1,706 (22.9%) |
| Vacant Housing Units | 1,030 (13.8%) |
| Median Home Value | $174,555 |
| Average Home Value | $209,118 |
Housing Distribution
Address Breakdown
Residential
6,845
Single Family
6,845
Multi-Family
0
Businesses
658
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
