4187 Elder Ct APT 8IndependenceKY41051
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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 Independence at 4187 Elder Ct APT 8, Independence, KY, 41051 generates $1,317/mo in rent and, after a $808/mo payment, leaves $55/mo in cash flow. Total monthly income is $1,317/mo, and annual cash flow is $664/yr on $54,698 invested. Return on cash invested sits at 21.12% in year one, and rental yield is 9.58% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 111.32% and total cumulative return in cash sums $60,887. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,317/mo property income rather than buyer’s personal income.
Townhouse
Built in 1974
1,742 sqft lot
$N/A/sqft
$257 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41051, Independence, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,467 (100%) |
| Owner Occupied HU | 9,379 (81.8%) |
| Renter Occupied HU | 1,783 (15.5%) |
| Vacant Housing Units | 305 ( 2.7%) |
| Median Home Value | $266,323 |
| Average Home Value | $300,312 |
Housing Distribution
Address Breakdown
Residential
11,820
Single Family
11,350
Multi-Family
470
Businesses
356
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Listed by: Bradley Treas • Huff Realty - Florence
Mls Name: NKMLS
Mls Provider:
Mls ID: #632620
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