709 Carrington Green RdSalt 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 709 Carrington Green Rd, Salt Lick, KY, 40371 generates $1,073/mo in rent, after a $1,444/mo payment. Total monthly income is $1,073/mo. Return on cash invested sits at 11.04% in year one, and rental yield is 4.36% on a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 55.18% and total cumulative return in cash sums $53,966. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,073/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
1.36 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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