916 Island Fork RdMoreheadKY40351
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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 Morehead at 916 Island Fork Rd, Morehead, KY, 40351 earns $253/mo cash flow from $1,099/mo rent with a $680/mo payment. Total monthly income totals $1,099/mo, and annual cash flow totals $3,040/yr on $46,079 capital. ROI tracks 26.51% on current figures, and rental yield reads 9.49% at a $139,000 purchase. Equity gained on principal adds $897/yr, and 5% annual appreciation supports $38,403 over five years. Five-year ROI reaches 138.12% and total cumulative return in cash sums $63,644. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,099/mo property income instead of your personal income.
Manufactured
Built in 2007
1.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40351, Morehead, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,508 (100%) |
| Owner Occupied HU | 5,462 (57.4%) |
| Renter Occupied HU | 2,805 (29.5%) |
| Vacant Housing Units | 1,241 (13.1%) |
| Median Home Value | $209,239 |
| Average Home Value | $227,488 |
Housing Distribution
Address Breakdown
Residential
8,950
Single Family
8,839
Multi-Family
111
Businesses
795
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Listed by: Pamela P Simmons • United Real Estate Bluegrass
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25013992
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.