1012 Shine LnCadizKY42211
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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 Cadiz at 1012 Shine Ln, Cadiz, KY, 42211 uses $66,300 cash to close to unlock $584/yr annual cash flow and $49/mo monthly cash flow. Total monthly income runs $1,266/mo, and a $979/mo payment keeps the spread at $49/mo. Purchase price stands at $200,000, and rental yield measures 7.6% with $1,266/mo rent. Return on cash invested shows 20.79% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 107.45% and total cumulative return in cash records $71,240. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,266/mo property income covering a $979/mo payment rather than investor’s personal income.
Manufactured
Built in 2000
18.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42211, Cadiz, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,329 (100%) |
| Owner Occupied HU | 4,464 (60.9%) |
| Renter Occupied HU | 1,113 (15.2%) |
| Vacant Housing Units | 1,752 (23.9%) |
| Median Home Value | $216,968 |
| Average Home Value | $270,742 |
Housing Distribution
Address Breakdown
Residential
5,796
Single Family
5,760
Multi-Family
36
Businesses
358
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Listed by: Shelly Lewis • Coldwell Banker Service 1st Realty
Mls Name: WKRMLS
Mls ID: #130433
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.