749 Newpoint 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 749 Newpoint Rd, Albany, KY, 42602 at $214,999 posts ROI 19.92% with $1/mo cash flow from $1,309/mo rent. Total monthly income equals $1,309/mo, and annual cash flow records $9/yr on $71,272 to close. Return on cash invested measures 19.92% and rental yield reads 7.31% at the current $214,999. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,400 by year five. Five-year ROI prints 102.77% and total cumulative return in cash totals $73,249.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,309/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
3.16 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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