6992 E Laurel RdLondonKY40741
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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 London at 6992 E Laurel Rd, London, KY, 40741 offers $1,349/mo rent that, after a $719/mo payment, leaves $455/mo cash flow. Total monthly income is $1,349/mo, and annual cash flow is $5,458/yr on $48,731 cash. Return on cash invested measures 31.11% in year one, and rental yield stands at 11.01% at a $147,000 entry. Equity gained on principal adds $949/yr while 5% annual appreciation compounds into $40,613 by year five. Five-year ROI records 162.77% and total cumulative return in cash reaches $79,320. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,349/mo property income versus a $719/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40741, London, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,313 (100%) |
| Owner Occupied HU | 6,421 (62.3%) |
| Renter Occupied HU | 2,983 (28.9%) |
| Vacant Housing Units | 909 ( 8.8%) |
| Median Home Value | $171,848 |
| Average Home Value | $210,766 |
Housing Distribution
Address Breakdown
Residential
9,973
Single Family
9,853
Multi-Family
120
Businesses
1,068
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Listed by: Sherry J Cloud • Lockhart Realty Group, LLC
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24020608
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.