6566 Cannondale DrBurlingtonKY41042
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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
Investment property for sale in Burlington at 6566 Cannondale Dr, Burlington, KY, 41042 uses $158,134 cash to close to unlock $310/yr annual cash flow and $26/mo monthly cash flow. Total monthly income runs $2,963/mo, and a $2,335/mo payment keeps the spread at $26/mo. Purchase price stands at $477,025, and rental yield measures 7.45% with $2,963/mo rent. Return on cash invested shows 20.1% in year one, and 5% annual appreciation builds toward $131,793 over five years. Five-year ROI reaches 103.85% and total cumulative return in cash records $164,215. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,963/mo property income covering a $2,335/mo payment rather than investor’s personal income.
Single Family
Built in 2025
6,098 sqft lot
$N/A/sqft
$405 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41042, Florence, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,664 (100%) |
| Owner Occupied HU | 13,975 (59.1%) |
| Renter Occupied HU | 8,544 (36.1%) |
| Vacant Housing Units | 1,145 ( 4.8%) |
| Median Home Value | $243,210 |
| Average Home Value | $262,135 |
Housing Distribution
Address Breakdown
Residential
22,976
Single Family
16,237
Multi-Family
6,739
Businesses
2,027
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Listed by: Eric Baker • New Home Star Kentucky, LLC
Mls Name: NKMLS
Mls Provider:
Mls ID: #629005
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of NKMLS. Real estate listings held by IDX Brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Listing information is deemed reliable, but not guaranteed. Copyright 2025 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.