414 Nevada AveMount SterlingKY40353
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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 Mount Sterling at 414 Nevada Ave, Mount Sterling, KY, 40353 uses $62,952 cash to close to unlock $7,820/yr annual cash flow and $652/mo monthly cash flow. Total monthly income runs $1,807/mo, and a $929/mo payment keeps the spread at $652/mo. Purchase price stands at $189,900, and rental yield measures 11.42% with $1,807/mo rent. Return on cash invested shows 32.33% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 169.34% and total cumulative return in cash records $106,601. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,807/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40353, Mount Sterling, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,016 (100%) |
| Owner Occupied HU | 5,961 (59.5%) |
| Renter Occupied HU | 3,264 (32.6%) |
| Vacant Housing Units | 791 ( 7.9%) |
| Median Home Value | $190,101 |
| Average Home Value | $242,793 |
Housing Distribution
Address Breakdown
Residential
9,390
Single Family
9,202
Multi-Family
188
Businesses
890
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Listed by: Eric Davis • McCormick Realty Inc.
Mls Name: Imagine MLS
Mls ID: #25504826