422 Sunset LnMoreheadKY40351
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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 Morehead at 422 Sunset Ln, Morehead, KY, 40351 offers $2,573/mo rent that, after a $3,279/mo payment. Total monthly income is $2,573/mo. Return on cash invested measures 11.87% in year one, and rental yield stands at 4.61% at a $670,000 entry. Equity gained on principal adds $4,323/yr while 5% annual appreciation compounds into $185,109 by year five. Five-year ROI records 59.57% and total cumulative return in cash reaches $131,309. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,573/mo property income versus a $3,279/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40351, Morehead, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,508 (100%) |
| Owner Occupied HU | 5,462 (57.4%) |
| Renter Occupied HU | 2,805 (29.5%) |
| Vacant Housing Units | 1,241 (13.1%) |
| Median Home Value | $209,239 |
| Average Home Value | $227,488 |
Housing Distribution
Address Breakdown
Residential
8,950
Single Family
8,839
Multi-Family
111
Businesses
795
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Listed by: Shannon V Malone • Homeland Real Estate Inc
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24021234
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.