1005 State Route 602Central CityKY42330
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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 Central City at 1005 State Route 602, Central City, KY, 42330 listed at $189,000 pairs $1,243/mo rent with a $925/mo payment to leave $93/mo cash flow. Total monthly income runs $1,243/mo, and annual cash flow reaches $1,113/yr on $62,654 cash to close. Return on cash invested measures 21.69% in year one, and rental yield registers 7.89% at a $189,000 basis. Equity gained on principal adds $1,220/yr, and annual property appreciation at 5% supports $52,217 by year five. Five-year ROI tracks 112.25% and total cumulative return in cash totals $70,330. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,243/mo property income relative to a $925/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42330, Central City, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,988 (100%) |
| Owner Occupied HU | 2,487 (62.4%) |
| Renter Occupied HU | 1,072 (26.9%) |
| Vacant Housing Units | 429 (10.8%) |
| Median Home Value | $141,516 |
| Average Home Value | $184,295 |
Housing Distribution
Address Breakdown
Residential
3,680
Single Family
3,641
Multi-Family
39
Businesses
323
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Listed by: Bobbie Campbell • Wright Choice of Kentucky Realty & Auction
Mls Name: My State MLS
Mls ID: #11522885