59 River RdMiracleKY40856
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder59 River Rd, Miracle, KY, 40856 in Miracle earns a respectable 7.74% gross yield at $250,000, but after the $1,124/mo mortgage the net cash flow is $91/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.44) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $69,070 over five years, making equity the dominant return driver. Total projected return: $100,621.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 8.0% |
| Monthly Cash Flow | $91 | $150 |
City averages based on Miracle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,613 |
| Total Monthly Debt Service | $1,422 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
8.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40856, Miracle, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 483 (100%) |
| Owner Occupied HU | 337 (69.8%) |
| Renter Occupied HU | 81 (16.8%) |
| Vacant Housing Units | 65 (13.5%) |
| Median Home Value | $72,333 |
| Average Home Value | $92,151 |
Housing Distribution
Address Breakdown
Residential
292
Single Family
292
Multi-Family
0
Businesses
4
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
Single Family
Built in N/A
8.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40856, Miracle, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 483 (100%) |
| Owner Occupied HU | 337 (69.8%) |
| Renter Occupied HU | 81 (16.8%) |
| Vacant Housing Units | 65 (13.5%) |
| Median Home Value | $72,333 |
| Average Home Value | $92,151 |
Housing Distribution
Address Breakdown
Residential
292
Single Family
292
Multi-Family
0
Businesses
4
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices