4598 Parker Grove RdMagnoliaKY42757
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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 Magnolia at 4598 Parker Grove Rd, Magnolia, KY, 42757 generates $2,198/mo in rent and, after a $1,512/mo payment, leaves $318/mo in cash flow. Total monthly income is $2,198/mo, and annual cash flow is $3,815/yr on $102,400 invested. Return on cash invested sits at 23.63% in year one, and rental yield is 8.54% on a $308,900 entry. Equity gained on principal adds $1,993/yr, while 5% annual appreciation builds toward $85,343 over five years. Five-year ROI reaches 122.68% and total cumulative return in cash sums $125,626. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,198/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42757, Magnolia, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,463 (100%) |
| Owner Occupied HU | 1,003 (68.6%) |
| Renter Occupied HU | 233 (15.9%) |
| Vacant Housing Units | 227 (15.5%) |
| Median Home Value | $173,266 |
| Average Home Value | $238,831 |
Housing Distribution
Address Breakdown
Residential
1,302
Single Family
1,302
Multi-Family
0
Businesses
24
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Listed by: Tim Thompson • GOLD STAR REALTY
Mls Name: HKMLS
Mls Provider:
Mls ID: #HK24003225
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.