6380 Stonemill DrIndependenceKY41051
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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 Independence at 6380 Stonemill Dr, Independence, KY, 41051 offers $2,850/mo rent that, after a $2,031/mo payment, leaves $296/mo cash flow. Total monthly income is $2,850/mo, and annual cash flow is $3,553/yr on $137,539 cash. Return on cash invested measures 22.49% in year one, and rental yield stands at 8.24% at a $414,900 entry. Equity gained on principal adds $2,677/yr while 5% annual appreciation compounds into $114,629 by year five. Five-year ROI records 116.68% and total cumulative return in cash reaches $160,478. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,850/mo property income versus a $2,031/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
0.36 Acres lot
$N/A/sqft
$342 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41051, Independence, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,467 (100%) |
| Owner Occupied HU | 9,379 (81.8%) |
| Renter Occupied HU | 1,783 (15.5%) |
| Vacant Housing Units | 305 ( 2.7%) |
| Median Home Value | $266,323 |
| Average Home Value | $300,312 |
Housing Distribution
Address Breakdown
Residential
11,820
Single Family
11,350
Multi-Family
470
Businesses
356
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Nearby investment properties with comparable prices
Listed by: Linda Mildon • RE/MAX Victory + Affiliates
Mls Name: NKMLS
Mls Provider:
Mls ID: #630733
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