445 Elk Lake Resort Rd #1553-1547-961OwentonKY40359
Nearby investment properties with comparable rents
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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 Owenton at 445 Elk Lake Resort Rd #1553-1547-961, Owenton, KY, 40359 generates $1,122/mo in rent, after a $1,069/mo payment. Total monthly income is $1,122/mo. Return on cash invested sits at 13.02% in year one, and rental yield is 6.16% on a $218,500 entry. Equity gained on principal adds $1,410/yr, while 5% annual appreciation builds toward $60,368 over five years. Five-year ROI reaches 67.07% and total cumulative return in cash sums $48,584. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,122/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
0.35 Acres lot
$N/A/sqft
$2,500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40359, Owenton, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,546 (100%) |
| Owner Occupied HU | 2,187 (61.7%) |
| Renter Occupied HU | 662 (18.7%) |
| Vacant Housing Units | 697 (19.7%) |
| Median Home Value | $201,947 |
| Average Home Value | $228,341 |
Housing Distribution
Address Breakdown
Residential
2,935
Single Family
2,935
Multi-Family
0
Businesses
204
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Listed by: Patrick Tenoever • Sibcy Cline, REALTORS-Florence
Mls Name: NKMLS
Mls Provider:
Mls ID: #630088
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