427 E Morton StMorganfieldKY42437
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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 Morganfield at 427 E Morton St, Morganfield, KY, 42437 priced at $125,000 converts $1,028/mo rent into $267/mo cash flow after a $612/mo obligation. Total monthly income equals $1,028/mo, and annual cash flow totals $3,204/yr on $41,438 invested. Return on cash invested prints 27.64% in year one, and rental yield reads 9.87% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 144.32% and total cumulative return in cash sums $59,801. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,028/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in N/A
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42437, Morganfield, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,947 (100%) |
| Owner Occupied HU | 1,888 (64.1%) |
| Renter Occupied HU | 759 (25.8%) |
| Vacant Housing Units | 300 (10.2%) |
| Median Home Value | $175,467 |
| Average Home Value | $226,973 |
Housing Distribution
Address Breakdown
Residential
2,882
Single Family
2,865
Multi-Family
17
Businesses
302
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Listed by: Karol Mcleod • RED HAT REALTY AND AUCTION
Mls Name: HAMLS
Mls ID: #250695