708 Melanie LnMount SterlingKY40353
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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 Mount Sterling at 708 Melanie Ln, Mount Sterling, KY, 40353 with 5% annual appreciation on a $212,300 basis while $2,098/mo rent supports operations. Total monthly income totals $2,098/mo and a $1,039/mo payment preserves $806/mo for cash returns. Annual cash flow comes to $9,672/yr on $70,377 deployed, and return on cash invested reaches 33.65% in year one. Equity gained on principal adds $1,370/yr, and five-year appreciation sums $58,655 alongside rental yield of 11.86%. Five-year ROI measures 176.47% and total cumulative return in cash totals $124,194.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,098/mo property income versus a $1,039/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1980
1.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40353, Mount Sterling, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,016 (100%) |
| Owner Occupied HU | 5,961 (59.5%) |
| Renter Occupied HU | 3,264 (32.6%) |
| Vacant Housing Units | 791 ( 7.9%) |
| Median Home Value | $190,101 |
| Average Home Value | $242,793 |
Housing Distribution
Address Breakdown
Residential
9,390
Single Family
9,202
Multi-Family
188
Businesses
890
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Listed by: Davin J Smith • Kentucky Realty Group, LLC
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25505255
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.