463 N Spalding AveLebanonKY40033
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
Investment Highlights
Rental property for sale in Lebanon at 463 N Spalding Ave, Lebanon, KY, 40033 priced at $278,500 converts $3,829/mo rent into $2,134/mo cash flow after a $1,363/mo obligation. Total monthly income equals $3,829/mo, and annual cash flow totals $25,609/yr on $92,323 invested. Return on cash invested prints 47.65% in year one, and rental yield reads 16.5% against a $278,500 entry. Equity gained on principal adds $1,797/yr, while 5% annual appreciation compiles into $76,944 by year five. Five-year ROI reaches 251.5% and total cumulative return in cash sums $232,194. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,829/mo property income covering a $1,363/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40033, Lebanon, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,617 (100%) |
| Owner Occupied HU | 3,542 (63.1%) |
| Renter Occupied HU | 1,722 (30.7%) |
| Vacant Housing Units | 353 ( 6.3%) |
| Median Home Value | $185,778 |
| Average Home Value | $229,809 |
Housing Distribution
Address Breakdown
Residential
5,459
Single Family
5,355
Multi-Family
104
Businesses
476
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices