619 Sandy LnMorganfieldKY42437
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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 Morganfield at 619 Sandy Ln, Morganfield, KY, 42437 priced at $399,900 converts $834/mo rent into after a $1,957/mo obligation. Total monthly income equals $834/mo. Return on cash invested prints 5.43% in year one, and rental yield reads 2.5% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 25.07% and total cumulative return in cash sums $33,236. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $834/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Multi Family
Built in 1991
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42437, Morganfield, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,947 (100%) |
| Owner Occupied HU | 1,888 (64.1%) |
| Renter Occupied HU | 759 (25.8%) |
| Vacant Housing Units | 300 (10.2%) |
| Median Home Value | $175,467 |
| Average Home Value | $226,973 |
Housing Distribution
Address Breakdown
Residential
2,882
Single Family
2,865
Multi-Family
17
Businesses
302
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Listed by: Matthew Schell • eXp Realty, LLC
Mls Name: Greater Owensboro Realtor Association
Mls ID: #93471