104 S 3rd St UNIT 3PaducahKY42003
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 104 S 3rd St UNIT 3, Paducah, KY, 42003 in Paducah at $259,000 earns $1,632/mo in rent and nets $56/mo after the $1,165/mo payment, a 7.56% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $71,557 over five years. Ziffy Mortgage underwrites this on a 1.40 DSCR without U.S. credit history. With $2,385/yr in principal paydown, total projected return reaches $101,681.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 7.2% |
| Monthly Cash Flow | $56 | $450 |
City averages based on Paducah market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,632 |
| Total Monthly Debt Service | $1,473 |
| DSCR Ratio | 1.11x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1882
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42003, Paducah, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,990 (100%) |
| Owner Occupied HU | 7,848 (56.1%) |
| Renter Occupied HU | 4,476 (32.0%) |
| Vacant Housing Units | 1,666 (11.9%) |
| Median Home Value | $186,025 |
| Average Home Value | $231,453 |
Housing Distribution
Address Breakdown
Residential
13,288
Single Family
12,784
Multi-Family
504
Businesses
1,211
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
Condo
Built in 1882
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42003, Paducah, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,990 (100%) |
| Owner Occupied HU | 7,848 (56.1%) |
| Renter Occupied HU | 4,476 (32.0%) |
| Vacant Housing Units | 1,666 (11.9%) |
| Median Home Value | $186,025 |
| Average Home Value | $231,453 |
Housing Distribution
Address Breakdown
Residential
13,288
Single Family
12,784
Multi-Family
504
Businesses
1,211
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices