549 Clover Creek Cove LnCloverportKY40111
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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 Cloverport at 549 Clover Creek Cove Ln, Cloverport, KY, 40111 priced at $659,900 converts $2,155/mo rent into after a $3,230/mo obligation. Total monthly income equals $2,155/mo. Return on cash invested prints 9.77% in year one, and rental yield reads 3.92% against a $659,900 entry. Equity gained on principal adds $4,258/yr, while 5% annual appreciation compiles into $182,318 by year five. Five-year ROI reaches 48.31% and total cumulative return in cash sums $104,882. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,155/mo property income covering a $3,230/mo payment, not borrower’s personal income.
Single Family
Built in 1999
6.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40111, Cloverport, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 794 (100%) |
| Owner Occupied HU | 539 (67.9%) |
| Renter Occupied HU | 167 (21.0%) |
| Vacant Housing Units | 88 (11.1%) |
| Median Home Value | $123,645 |
| Average Home Value | $145,172 |
Housing Distribution
Address Breakdown
Residential
731
Single Family
643
Multi-Family
88
Businesses
24
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Listed by: Belinda Hurst • HANCOCK REAL ESTATE and AUCTION INC
Mls Name: Greater Owensboro Realtor Association
Mls Provider:
Mls ID: #93064
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.