55 Renie CirNew ConcordKY42076
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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
Investment property for sale in New Concord at 55 Renie Cir, New Concord, KY, 42076 earns $345/mo cash flow from $1,500/mo rent with a $929/mo payment. Total monthly income totals $1,500/mo, and annual cash flow totals $4,136/yr on $62,952 capital. ROI tracks 26.48% on current figures, and rental yield reads 9.48% at a $189,900 purchase. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 over five years. Five-year ROI reaches 137.94% and total cumulative return in cash sums $86,837. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,500/mo property income instead of your personal income.
Manufactured
Built in N/A
3.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42076, New Concord, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 867 (100%) |
| Owner Occupied HU | 442 (51.0%) |
| Renter Occupied HU | 72 ( 8.3%) |
| Vacant Housing Units | 353 (40.7%) |
| Median Home Value | $153,125 |
| Average Home Value | $251,052 |
Housing Distribution
Address Breakdown
Residential
688
Single Family
688
Multi-Family
0
Businesses
8
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Listed by: Patricia Cherry • Re/Max Real Estate Associates Murray
Mls Name: WKRMLS
Mls ID: #133306