56 Lanetown RdNancyKY42544
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
Rental property for sale in Nancy at 56 Lanetown Rd, Nancy, KY, 42544 generates $1,495/mo in rent and, after a $1,003/mo payment, leaves $248/mo in cash flow. Total monthly income is $1,495/mo, and annual cash flow is $2,973/yr on $67,958 invested. Return on cash invested sits at 24.28% in year one, and rental yield is 8.75% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 126.18% and total cumulative return in cash sums $85,746. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,495/mo property income rather than buyer’s personal income.
Single Family
Built in 2009
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42544, Nancy, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,904 (100%) |
| Owner Occupied HU | 2,120 (54.3%) |
| Renter Occupied HU | 480 (12.3%) |
| Vacant Housing Units | 1,304 (33.4%) |
| Median Home Value | $191,935 |
| Average Home Value | $236,939 |
Housing Distribution
Address Breakdown
Residential
2,871
Single Family
2,871
Multi-Family
0
Businesses
93
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tina Clay • Century 21 Advantage Realty
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24024160
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.