9742 Cloveridge DrIndependenceKY41051
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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 Independence at 9742 Cloveridge Dr, Independence, KY, 41051 listed at $315,000 pairs $2,314/mo rent with a $1,542/mo payment to leave $376/mo cash flow. Total monthly income runs $2,314/mo, and annual cash flow reaches $4,509/yr on $104,423 cash to close. Return on cash invested measures 24.23% in year one, and rental yield registers 8.82% at a $315,000 basis. Equity gained on principal adds $2,033/yr, and annual property appreciation at 5% supports $87,029 by year five. Five-year ROI tracks 125.95% and total cumulative return in cash totals $131,525. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,314/mo property income relative to a $1,542/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
6,534 sqft lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41051, Independence, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,467 (100%) |
| Owner Occupied HU | 9,379 (81.8%) |
| Renter Occupied HU | 1,783 (15.5%) |
| Vacant Housing Units | 305 ( 2.7%) |
| Median Home Value | $266,323 |
| Average Home Value | $300,312 |
Housing Distribution
Address Breakdown
Residential
11,820
Single Family
11,350
Multi-Family
470
Businesses
356
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Listed by: Amanda Wilson • Keller Williams Realty Services
Mls Name: NKMLS
Mls Provider:
Mls ID: #631212
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