586 Old River RdSalt LickKY40371
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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 Salt Lick at 586 Old River Rd, Salt Lick, KY, 40371 offers $2,039/mo rent that, after a $1,052/mo payment, leaves $731/mo cash flow. Total monthly income is $2,039/mo, and annual cash flow is $8,771/yr on $71,239 cash. Return on cash invested measures 32.22% in year one, and rental yield stands at 11.39% at a $214,900 entry. Equity gained on principal adds $1,387/yr while 5% annual appreciation compounds into $59,373 by year five. Five-year ROI records 168.72% and total cumulative return in cash reaches $120,198. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,039/mo property income versus a $1,052/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40371, Salt Lick, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,269 (100%) |
| Owner Occupied HU | 812 (64.0%) |
| Renter Occupied HU | 281 (22.1%) |
| Vacant Housing Units | 176 (13.9%) |
| Median Home Value | $125,000 |
| Average Home Value | $147,321 |
Housing Distribution
Address Breakdown
Residential
1,090
Single Family
1,090
Multi-Family
0
Businesses
37
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Listed by: Jonathan Wood • HomeLand Real Estate Inc - Mt Sterling
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25011838
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.