4887 North Ky #11CannonKY40923
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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 Cannon at 4887 North Ky #11, Cannon, KY, 40923 generates $1,741/mo in rent and, after a $1,052/mo payment, leaves $433/mo in cash flow. Total monthly income is $1,741/mo, and annual cash flow is $5,193/yr on $71,273 invested. Return on cash invested sits at 27.2% in year one, and rental yield is 9.72% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 141.78% and total cumulative return in cash sums $101,053. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,741/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40923, Cannon, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 390 (100%) |
| Owner Occupied HU | 281 (72.1%) |
| Renter Occupied HU | 82 (21.0%) |
| Vacant Housing Units | 27 ( 6.9%) |
| Median Home Value | $124,038 |
| Average Home Value | $159,858 |
Housing Distribution
Address Breakdown
Residential
247
Single Family
247
Multi-Family
0
Businesses
1
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Listed by: Michelle Fairhurst • Revolution Realty, LLC
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25013806
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.