456 N Locust StCarlisleKY40311
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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 Carlisle at 456 N Locust St, Carlisle, KY, 40311 priced at $319,900 converts $2,189/mo rent into $242/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,189/mo, and annual cash flow totals $2,901/yr on $106,047 invested. Return on cash invested prints 22.65% in year one, and rental yield reads 8.21% against a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation compiles into $88,382 by year five. Five-year ROI reaches 117.39% and total cumulative return in cash sums $124,484. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,189/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 1890
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40311, Carlisle, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,252 (100%) |
| Owner Occupied HU | 2,075 (63.8%) |
| Renter Occupied HU | 805 (24.8%) |
| Vacant Housing Units | 372 (11.4%) |
| Median Home Value | $135,547 |
| Average Home Value | $172,790 |
Housing Distribution
Address Breakdown
Residential
2,971
Single Family
2,925
Multi-Family
46
Businesses
135
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