633 N Homestead LnLancasterKY40444
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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 Lancaster at 633 N Homestead Ln, Lancaster, KY, 40444 priced at $630,000 pairs $4,936/mo rent with $1,097/mo cash flow after a $3,084/mo payment. Total monthly income equals $4,936/mo, and annual cash flow comes to $13,165/yr on $207,270 invested. Return on cash invested is 26.41% in year one, and rental yield stands at 9.4% on a $630,000 basis. Equity gained on principal adds $4,065/yr, and 5% annual appreciation accumulates to $174,057 by year five. Five-year ROI measures 137.58% and total cumulative return in cash reaches $285,154. For financing, Ziffy Mortgage’s DSCR program evaluates $4,936/mo property income against a $3,084/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1999
0.89 Acres lot
$N/A/sqft
$50 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40444, Lancaster, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,414 (100%) |
| Owner Occupied HU | 4,571 (71.3%) |
| Renter Occupied HU | 1,300 (20.3%) |
| Vacant Housing Units | 543 ( 8.5%) |
| Median Home Value | $251,449 |
| Average Home Value | $272,741 |
Housing Distribution
Address Breakdown
Residential
6,003
Single Family
5,996
Multi-Family
7
Businesses
321
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Listed by: Michael Martin • The Brokerage
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25018113
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.