602 Main StMillersburgKY40348
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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 Millersburg at 602 Main St, Millersburg, KY, 40348 generates $2,647/mo in rent and, after a $1,953/mo payment, leaves $219/mo in cash flow. Total monthly income is $2,647/mo, and annual cash flow is $2,622/yr on $132,269 invested. Return on cash invested sits at 21.89% in year one, and rental yield is 7.96% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 113.35% and total cumulative return in cash sums $149,930. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,647/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
3,397 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40348, Millersburg, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 252 (100%) |
| Owner Occupied HU | 151 (59.9%) |
| Renter Occupied HU | 68 (27.0%) |
| Vacant Housing Units | 33 (13.1%) |
| Median Home Value | $159,821 |
| Average Home Value | $297,517 |
Housing Distribution
Address Breakdown
Residential
5
Single Family
5
Multi-Family
0
Businesses
13
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Nearby investment properties with comparable prices
Listed by: Amy S Boone • Sweet Home KY Realty
Mls Name: Imagine MLS
Mls ID: #25010272