114 3rd StCentertownKY42328
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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 Centertown at 114 3rd St, Centertown, KY, 42328 generates $1,716/mo in rent and, after a $1,273/mo payment, leaves $133/mo in cash flow. Total monthly income is $1,716/mo, and annual cash flow is $1,598/yr on $86,190 invested. Return on cash invested sits at 21.76% in year one, and rental yield is 7.92% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 112.7% and total cumulative return in cash sums $97,133. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,716/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42328, Centertown, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 617 (100%) |
| Owner Occupied HU | 436 (70.7%) |
| Renter Occupied HU | 106 (17.2%) |
| Vacant Housing Units | 75 (12.2%) |
| Median Home Value | $101,220 |
| Average Home Value | $157,724 |
Housing Distribution
Address Breakdown
Residential
481
Single Family
481
Multi-Family
0
Businesses
13
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Listed by: Delia Osborne • TRIPLE CROWN REALTY GROUP, LLC
Mls Name: Greater Owensboro Realtor Association
Mls Provider:
Mls ID: #91933
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.