6555 Preston RdOwingsvilleKY40360
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
Rental property for sale in Owingsville at 6555 Preston Rd, Owingsville, KY, 40360 offers $1,597/mo rent that, after a $876/mo payment, leaves $508/mo cash flow. Total monthly income is $1,597/mo, and annual cash flow is $6,092/yr on $59,339 cash. Return on cash invested measures 30.18% in year one, and rental yield stands at 10.71% at a $179,000 entry. Equity gained on principal adds $1,155/yr while 5% annual appreciation compounds into $49,454 by year five. Five-year ROI records 157.8% and total cumulative return in cash reaches $93,639. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,597/mo property income versus a $876/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40360, Owingsville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,167 (100%) |
| Owner Occupied HU | 2,081 (65.7%) |
| Renter Occupied HU | 785 (24.8%) |
| Vacant Housing Units | 301 ( 9.5%) |
| Median Home Value | $119,821 |
| Average Home Value | $142,007 |
Housing Distribution
Address Breakdown
Residential
2,653
Single Family
2,653
Multi-Family
0
Businesses
161
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Courtney Ann Mangold • The Agency
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24021681
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.