409 Elm StWest PtKY40177
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 West Pt at 409 Elm St, West Pt, KY, 40177 offers $990/mo rent that, after a $631/mo payment, leaves $205/mo cash flow. Total monthly income is $990/mo, and annual cash flow is $2,463/yr on $42,764 cash. Return on cash invested measures 25.67% in year one, and rental yield stands at 9.21% at a $129,000 entry. Equity gained on principal adds $832/yr while 5% annual appreciation compounds into $35,640 by year five. Five-year ROI records 133.71% and total cumulative return in cash reaches $57,181. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $990/mo property income versus a $631/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1901
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40177, West Point, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 824 (100%) |
| Owner Occupied HU | 490 (59.5%) |
| Renter Occupied HU | 210 (25.5%) |
| Vacant Housing Units | 124 (15.0%) |
| Median Home Value | $171,552 |
| Average Home Value | $228,684 |
Housing Distribution
Address Breakdown
Residential
736
Single Family
735
Multi-Family
1
Businesses
54
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