6255 Spencer PikeMt SterlingKY40353
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
Investment property for sale in Mt Sterling at 6255 Spencer Pike, Mt Sterling, KY, 40353 earns $140/mo cash flow from $1,844/mo rent with a $1,370/mo payment. Total monthly income totals $1,844/mo, and annual cash flow totals $1,685/yr on $92,787 capital. ROI tracks 21.73% on current figures, and rental yield reads 7.91% at a $279,900 purchase. Equity gained on principal adds $1,806/yr, and 5% annual appreciation supports $77,331 over five years. Five-year ROI reaches 112.47% and total cumulative return in cash sums $104,353. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,844/mo property income instead of your personal income.
Single Family
Built in N/A
1.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40353, Mount Sterling, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,016 (100%) |
| Owner Occupied HU | 5,961 (59.5%) |
| Renter Occupied HU | 3,264 (32.6%) |
| Vacant Housing Units | 791 ( 7.9%) |
| Median Home Value | $190,101 |
| Average Home Value | $242,793 |
Housing Distribution
Address Breakdown
Residential
9,390
Single Family
9,202
Multi-Family
188
Businesses
890
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Betsy Brown • United Real Estate Bluegrass
Mls Name: Imagine MLS
Mls ID: #25506723