505 Highway 840BaxterKY40806
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
Investment property for sale in Baxter at 505 Highway 840, Baxter, KY, 40806 earns $205/mo cash flow from $917/mo rent with a $573/mo payment. Total monthly income totals $917/mo, and annual cash flow totals $2,455/yr on $38,786 capital. ROI tracks 26.24% on current figures, and rental yield reads 9.41% at a $117,000 purchase. Equity gained on principal adds $755/yr, and 5% annual appreciation supports $32,325 over five years. Five-year ROI reaches 136.69% and total cumulative return in cash sums $53,017. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $917/mo property income instead of your personal income.
Single Family
Built in 1938
1.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40806, Baxter, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,359 (100%) |
| Owner Occupied HU | 802 (59.0%) |
| Renter Occupied HU | 435 (32.0%) |
| Vacant Housing Units | 122 ( 9.0%) |
| Median Home Value | $137,912 |
| Average Home Value | $161,512 |
Housing Distribution
Address Breakdown
Residential
684
Single Family
684
Multi-Family
0
Businesses
57
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Nearby investment properties with comparable prices
Listed by: Jarrod Nunnelley • New Beginnings Real Estate LLC
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25010265
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.