7539 State Highway 223Flat LickKY40935
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 7539 State Highway 223, Flat Lick, KY, 40935 in Flat Lick: $1,046/mo in rent, $255/mo in net income, 9.66% gross yield, 1.79 DSCR, all at $129,999. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $35,916 in appreciation and $1,197/yr in principal paydown projects total cumulative return of $65,668.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 8.0% |
| Monthly Cash Flow | $255 | $150 |
City averages based on Flat Lick market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,046 |
| Total Monthly Debt Service | $739 |
| DSCR Ratio | 1.41x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1961
29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40935, Flat Lick, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,022 (100%) |
| Owner Occupied HU | 621 (60.8%) |
| Renter Occupied HU | 270 (26.4%) |
| Vacant Housing Units | 131 (12.8%) |
| Median Home Value | $89,519 |
| Average Home Value | $110,596 |
Housing Distribution
Address Breakdown
Residential
708
Single Family
708
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1961
29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40935, Flat Lick, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,022 (100%) |
| Owner Occupied HU | 621 (60.8%) |
| Renter Occupied HU | 270 (26.4%) |
| Vacant Housing Units | 131 (12.8%) |
| Median Home Value | $89,519 |
| Average Home Value | $110,596 |
Housing Distribution
Address Breakdown
Residential
708
Single Family
708
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices