GARRETT Plan, Woods at LakefieldIndependenceKY41051
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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 Independence at GARRETT Plan, Woods at Lakefield, Independence, KY, 41051 priced at $328,400 pairs $2,876/mo rent with $878/mo cash flow after a $1,607/mo payment. Total monthly income equals $2,876/mo, and annual cash flow comes to $10,532/yr on $108,865 invested. Return on cash invested is 29.58% in year one, and rental yield stands at 10.51% on a $328,400 basis. Equity gained on principal adds $2,119/yr, and 5% annual appreciation accumulates to $90,731 by year five. Five-year ROI measures 154.6% and total cumulative return in cash reaches $168,300. For financing, Ziffy Mortgage’s DSCR program evaluates $2,876/mo property income against a $1,607/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No 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: Eric Dean • Drees Homes
Mls Name: Drees Homes
Mls Provider:
Mls ID: #N/A