4879 Open Meadow DrIndependenceKY41051
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 Independence at 4879 Open Meadow Dr, Independence, KY, 41051 generates $3,482/mo in rent and, after a $2,046/mo payment, leaves $938/mo in cash flow. Total monthly income is $3,482/mo, and annual cash flow is $11,255/yr on $138,567 invested. Return on cash invested sits at 28.03% in year one, and rental yield is 10% on a $418,000 entry. Equity gained on principal adds $2,697/yr, while 5% annual appreciation builds toward $115,486 over five years. Five-year ROI reaches 146.26% and total cumulative return in cash sums $202,671. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,482/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41051, Independence, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,467 (100%) |
| Owner Occupied HU | 9,379 (81.8%) |
| Renter Occupied HU | 1,783 (15.5%) |
| Vacant Housing Units | 305 ( 2.7%) |
| Median Home Value | $266,323 |
| Average Home Value | $300,312 |
Housing Distribution
Address Breakdown
Residential
11,820
Single Family
11,350
Multi-Family
470
Businesses
356
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The Brock Hart Home Group • Keller Williams Realty Services
Mls Name: NKMLS
Mls ID: #637131