6740 Wisdom Dock RdAlbanyKY42602
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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 Albany at 6740 Wisdom Dock Rd, Albany, KY, 42602 uses $72,101 cash to close to unlock $370/yr annual cash flow and $31/mo monthly cash flow. Total monthly income runs $1,355/mo, and a $1,065/mo payment keeps the spread at $31/mo. Purchase price stands at $217,500, and rental yield measures 7.48% with $1,355/mo rent. Return on cash invested shows 20.42% in year one, and 5% annual appreciation builds toward $60,091 over five years. Five-year ROI reaches 105.46% and total cumulative return in cash records $76,038. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,355/mo property income covering a $1,065/mo payment rather than investor’s personal income.
Single Family
Built in 1982
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42602, Albany, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,682 (100%) |
| Owner Occupied HU | 2,700 (57.7%) |
| Renter Occupied HU | 1,075 (23.0%) |
| Vacant Housing Units | 907 (19.4%) |
| Median Home Value | $115,265 |
| Average Home Value | $150,402 |
Housing Distribution
Address Breakdown
Residential
4,364
Single Family
4,364
Multi-Family
0
Businesses
425
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Listed by: The Vories Team • Keller Williams Realty Services
Mls Name: NKMLS
Mls Provider:
Mls ID: #632617
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