940 Lamkin LnRaywickKY40060
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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 Raywick at 940 Lamkin Ln, Raywick, KY, 40060 generates $1,284/mo in rent, after a $1,468/mo payment. Total monthly income is $1,284/mo. Return on cash invested sits at 13.37% in year one, and rental yield is 5.14% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 67.67% and total cumulative return in cash sums $67,276. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,284/mo property income rather than buyer’s personal income.
Manufactured
Built in 2007
10.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40060, Raywick, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 486 (100%) |
| Owner Occupied HU | 395 (81.3%) |
| Renter Occupied HU | 67 (13.8%) |
| Vacant Housing Units | 24 ( 4.9%) |
| Median Home Value | $215,566 |
| Average Home Value | $282,076 |
Housing Distribution
Address Breakdown
Residential
570
Single Family
570
Multi-Family
0
Businesses
20
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