6362 E Laurel RdLondonKY40741
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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 London at 6362 E Laurel Rd, London, KY, 40741 priced at $255,000 converts $1,830/mo rent into $278/mo cash flow after a $1,248/mo obligation. Total monthly income equals $1,830/mo, and annual cash flow totals $3,337/yr on $84,533 invested. Return on cash invested prints 23.86% in year one, and rental yield reads 8.61% against a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,452 by year five. Five-year ROI reaches 123.92% and total cumulative return in cash sums $104,756. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,830/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Single Family
Built in 1961
6.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40741, London, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,313 (100%) |
| Owner Occupied HU | 6,421 (62.3%) |
| Renter Occupied HU | 2,983 (28.9%) |
| Vacant Housing Units | 909 ( 8.8%) |
| Median Home Value | $171,848 |
| Average Home Value | $210,766 |
Housing Distribution
Address Breakdown
Residential
9,973
Single Family
9,853
Multi-Family
120
Businesses
1,068
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Listed by: Amanda M Heuser • CENTURY 21 Advantage Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25009897
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.