1060 Veneable School RdBoonevilleKY41314
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowNot flashy, but dependably profitable, 1060 Veneable School Rd, Booneville, KY, 41314 in Booneville is listed at $109,000 and delivers $1,093/mo in rent and $430/mo in net monthly cash flow. The 12.04% yield and 2.23 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $30,115 over five years, and $1,004/yr in principal reduction supplements cash return. Total projected cumulative return: $68,985.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12% | 6.5% |
| Monthly Cash Flow | $430 | $200 |
City averages based on Booneville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,093 |
| Total Monthly Debt Service | $620 |
| DSCR Ratio | 1.76x |
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.
Manufactured
Built in N/A
6 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41314, Booneville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,928 (100%) |
| Owner Occupied HU | 1,195 (62.0%) |
| Renter Occupied HU | 453 (23.5%) |
| Vacant Housing Units | 280 (14.5%) |
| Median Home Value | $95,391 |
| Average Home Value | $122,151 |
Housing Distribution
Address Breakdown
Residential
1,490
Single Family
1,466
Multi-Family
24
Businesses
99
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
Manufactured
Built in N/A
6 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41314, Booneville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,928 (100%) |
| Owner Occupied HU | 1,195 (62.0%) |
| Renter Occupied HU | 453 (23.5%) |
| Vacant Housing Units | 280 (14.5%) |
| Median Home Value | $95,391 |
| Average Home Value | $122,151 |
Housing Distribution
Address Breakdown
Residential
1,490
Single Family
1,466
Multi-Family
24
Businesses
99
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices