646 Hornbean DrIndependenceKY41051
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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
Rental property for sale in Independence at 646 Hornbean Dr, Independence, KY, 41051 priced at $255,000 pairs $2,370/mo rent with $818/mo cash flow after a $1,248/mo payment. Total monthly income equals $2,370/mo, and annual cash flow comes to $9,817/yr on $84,533 invested. Return on cash invested is 31.52% in year one, and rental yield stands at 11.15% on a $255,000 basis. Equity gained on principal adds $1,645/yr, and 5% annual appreciation accumulates to $70,452 by year five. Five-year ROI measures 165.05% and total cumulative return in cash reaches $139,520. For financing, Ziffy Mortgage’s DSCR program evaluates $2,370/mo property income against a $1,248/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
6,098 sqft lot
$N/A/sqft
No 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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Listed by: Katrina Holtmeier • Keller Williams Realty Services
Mls Name: NKMLS
Mls ID: #639226