9820 N Highway 421ManchesterKY40962
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
Rental property for sale in Manchester at 9820 N Highway 421, Manchester, KY, 40962 generates $1,260/mo in rent and, after a $808/mo payment, leaves $255/mo in cash flow. Total monthly income is $1,260/mo, and annual cash flow is $3,064/yr on $54,698 invested. Return on cash invested sits at 25.51% in year one, and rental yield is 9.16% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 132.82% and total cumulative return in cash sums $72,647. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,260/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40962, Manchester, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,366 (100%) |
| Owner Occupied HU | 4,757 (64.6%) |
| Renter Occupied HU | 1,874 (25.4%) |
| Vacant Housing Units | 735 ( 10.0%) |
| Median Home Value | $91,071 |
| Average Home Value | $133,329 |
Housing Distribution
Address Breakdown
Residential
7,039
Single Family
6,987
Multi-Family
52
Businesses
479
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Donna White • Sallie Davidson, Realtors
Mls Name: Imagine MLS
Mls ID: #25018164