7539 State Highway 223Flat LickKY40935
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
Investment Highlights
Investment property for sale in Flat Lick at 7539 State Highway 223, Flat Lick, KY, 40935 uses $43,095 cash to close to unlock $3,061/yr annual cash flow and $255/mo monthly cash flow. Total monthly income runs $1,046/mo, and a $636/mo payment keeps the spread at $255/mo. Purchase price stands at $129,999, and rental yield measures 9.66% with $1,046/mo rent. Return on cash invested shows 27.01% in year one, and 5% annual appreciation builds toward $35,916 over five years. Five-year ROI reaches 140.93% and total cumulative return in cash records $60,734. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,046/mo property income covering a $636/mo payment rather than investor’s personal income.
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
Listed by: Lori K Marcum • Patriot Real Estate
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24015683
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.