46 OldFlat LickKY40935
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $199,900, 46 Old, Flat Lick, KY, 40935 in Flat Lick generates $1,362/mo in rent (8.18% yield) but nets only $145/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.52) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $55,229. Total projected return: $85,070.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 8.0% |
| Monthly Cash Flow | $145 | $150 |
City averages based on Flat Lick market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,362 |
| Total Monthly Debt Service | $1,137 |
| DSCR Ratio | 1.20x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2014
1.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40935, Flat Lick, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,022 (100%) |
| Owner Occupied HU | 621 (60.8%) |
| Renter Occupied HU | 270 (26.4%) |
| Vacant Housing Units | 131 (12.8%) |
| Median Home Value | $89,519 |
| Average Home Value | $110,596 |
Housing Distribution
Address Breakdown
Residential
708
Single Family
708
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2014
1.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40935, Flat Lick, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,022 (100%) |
| Owner Occupied HU | 621 (60.8%) |
| Renter Occupied HU | 270 (26.4%) |
| Vacant Housing Units | 131 (12.8%) |
| Median Home Value | $89,519 |
| Average Home Value | $110,596 |
Housing Distribution
Address Breakdown
Residential
708
Single Family
708
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jarrod Nunnelley • New Beginnings Real Estate LLC
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25000258
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.