97 State Highway 746WellingtonKY40387
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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 Wellington at 97 State Highway 746, Wellington, KY, 40387 uses $49,394 cash to close to unlock $1,553/yr annual cash flow and $129/mo monthly cash flow. Total monthly income runs $1,036/mo, and a $729/mo payment keeps the spread at $129/mo. Purchase price stands at $149,000, and rental yield measures 8.34% with $1,036/mo rent. Return on cash invested shows 23.05% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 119.64% and total cumulative return in cash records $59,092. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,036/mo property income covering a $729/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40387, Wellington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,367 (100%) |
| Owner Occupied HU | 704 (51.5%) |
| Renter Occupied HU | 127 ( 9.3%) |
| Vacant Housing Units | 536 (39.2%) |
| Median Home Value | $104,600 |
| Average Home Value | $113,746 |
Housing Distribution
Address Breakdown
Residential
1,154
Single Family
1,154
Multi-Family
0
Businesses
11
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Listed by: Brenda Leigh Walters • United Real Estate Bluegrass
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #24008825
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.