600 Blanks Rd EWickliffeKY42087
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 Wickliffe at 600 Blanks Rd E, Wickliffe, KY, 42087 offers $2,094/mo rent that, after a $1,542/mo payment, leaves $177/mo cash flow. Total monthly income is $2,094/mo, and annual cash flow is $2,119/yr on $104,423 cash. Return on cash invested measures 21.94% in year one, and rental yield stands at 7.98% at a $315,000 entry. Equity gained on principal adds $2,033/yr while 5% annual appreciation compounds into $87,029 by year five. Five-year ROI records 113.6% and total cumulative return in cash reaches $118,625. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,094/mo property income versus a $1,542/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
3.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42087, Wickliffe, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,025 (100%) |
| Owner Occupied HU | 716 (69.9%) |
| Renter Occupied HU | 156 (15.2%) |
| Vacant Housing Units | 153 (14.9%) |
| Median Home Value | $112,097 |
| Average Home Value | $224,906 |
Housing Distribution
Address Breakdown
Residential
913
Single Family
913
Multi-Family
0
Businesses
74
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Teresa Purcell • Elite Realty
Mls Name: WKRMLS
Mls ID: #129038
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.