506 Independence CtRadcliffKY40160
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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 Radcliff at 506 Independence Ct, Radcliff, KY, 40160 priced at $130,000 converts $1,240/mo rent into $449/mo cash flow after a $636/mo obligation. Total monthly income equals $1,240/mo, and annual cash flow totals $5,389/yr on $43,095 invested. Return on cash invested prints 32.41% in year one, and rental yield reads 11.45% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. Five-year ROI reaches 169.86% and total cumulative return in cash sums $73,203. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,240/mo property income covering a $636/mo payment, not borrower’s personal income.
Townhouse
Built in 1988
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40160, Radcliff, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,542 (100%) |
| Owner Occupied HU | 5,112 (48.5%) |
| Renter Occupied HU | 4,323 (41.0%) |
| Vacant Housing Units | 1,107 (10.5%) |
| Median Home Value | $178,293 |
| Average Home Value | $217,813 |
Housing Distribution
Address Breakdown
Residential
10,197
Single Family
9,869
Multi-Family
328
Businesses
648
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Listed by: Rhonda S Roberts • Keller Williams Louisville East
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1682257
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