741 Kirby LnLondonKY40741
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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 741 Kirby Ln, London, KY, 40741 priced at $209,900 converts $1,579/mo rent into $302/mo cash flow after a $1,027/mo obligation. Total monthly income equals $1,579/mo, and annual cash flow totals $3,622/yr on $69,582 invested. Return on cash invested prints 25.11% in year one, and rental yield reads 9.03% against a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation compiles into $57,992 by year five. Five-year ROI reaches 130.61% and total cumulative return in cash sums $90,884. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,579/mo property income covering a $1,027/mo payment, not borrower’s personal income.
Single Family
Built in 1993
1.07 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: Kelsey Bingham • Keller Williams Legacy Group - London
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24023095
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.