577 Midnight Pass RdWellingtonKY40387
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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 Wellington at 577 Midnight Pass Rd, Wellington, KY, 40387 priced at $164,900 converts $1,469/mo rent into $465/mo cash flow after a $807/mo obligation. Total monthly income equals $1,469/mo, and annual cash flow totals $5,586/yr on $54,664 invested. Return on cash invested prints 30.13% in year one, and rental yield reads 10.69% against a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation compiles into $45,559 by year five. Five-year ROI reaches 157.56% and total cumulative return in cash sums $86,128. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,469/mo property income covering a $807/mo payment, not borrower’s personal income.
Single Family
Built in 1992
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40387, Wellington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,367 (100%) |
| Owner Occupied HU | 704 (51.5%) |
| Renter Occupied HU | 127 ( 9.3%) |
| Vacant Housing Units | 536 (39.2%) |
| Median Home Value | $104,600 |
| Average Home Value | $113,746 |
Housing Distribution
Address Breakdown
Residential
1,154
Single Family
1,154
Multi-Family
0
Businesses
11
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Listed by: Jay Pitts • RE/MAX Premier Properties
Mls Name: GLARMLS
Mls ID: #1701973