674 Old Midland TrlSalt LickKY40371
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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 Salt Lick at 674 Old Midland Trl, Salt Lick, KY, 40371 priced at $255,000 converts $1,682/mo rent into $130/mo cash flow after a $1,248/mo obligation. Total monthly income equals $1,682/mo, and annual cash flow totals $1,561/yr on $84,533 invested. Return on cash invested prints 21.76% in year one, and rental yield reads 7.92% 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 112.67% and total cumulative return in cash sums $95,240. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,682/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Manufactured
Built in 2000
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40371, Salt Lick, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,269 (100%) |
| Owner Occupied HU | 812 (64.0%) |
| Renter Occupied HU | 281 (22.1%) |
| Vacant Housing Units | 176 (13.9%) |
| Median Home Value | $125,000 |
| Average Home Value | $147,321 |
Housing Distribution
Address Breakdown
Residential
1,090
Single Family
1,090
Multi-Family
0
Businesses
37
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Listed by: Angie Stevens • HomeLand Real Estate Inc
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25005895
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.