112 Jeanetta CtProvidenceKY42450
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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 Providence at 112 Jeanetta Ct, Providence, KY, 42450 generates $1,498/mo in rent and, after a $514/mo payment, leaves $859/mo in cash flow. Total monthly income is $1,498/mo, and annual cash flow is $10,306/yr on $34,808 invested. Return on cash invested sits at 49.52% in year one, and rental yield is 17.12% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 261.5% and total cumulative return in cash sums $91,022. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,498/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42450, Providence, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,893 (100%) |
| Owner Occupied HU | 1,137 (60.1%) |
| Renter Occupied HU | 452 (23.9%) |
| Vacant Housing Units | 304 (16.1%) |
| Median Home Value | $75,879 |
| Average Home Value | $135,204 |
Housing Distribution
Address Breakdown
Residential
1,806
Single Family
1,780
Multi-Family
26
Businesses
143
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Listed by: Sarah Stone Wilkes • Heritage Homes Real Estate
Mls Name: MHCBOR
Mls ID: #116930
Disclaimer: Copyright Madisonville-Hopkins County Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.