114 Spruce StMurrayKY42071
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 114 Spruce St, Murray, KY, 42071 in Murray hard to pass up. The 10.45% gross yield on a $226,999 purchase results in $1,976/mo in rent and $595/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.94). Annual cash flow of $7,138, five-year appreciation of $62,716, and $2,091/yr in equity build-up combine for a projected total cumulative return of $124,245.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 8.0% |
| Monthly Cash Flow | $595 | $400 |
City averages based on Murray market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,976 |
| Total Monthly Debt Service | $1,291 |
| DSCR Ratio | 1.53x |
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.
Single Family
Built in 1900
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42071, Murray, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,483 (100%) |
| Owner Occupied HU | 7,472 (51.6%) |
| Renter Occupied HU | 4,770 (32.9%) |
| Vacant Housing Units | 2,241 (15.5%) |
| Median Home Value | $209,592 |
| Average Home Value | $236,806 |
Housing Distribution
Address Breakdown
Residential
13,516
Single Family
13,373
Multi-Family
143
Businesses
1,391
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
Single Family
Built in 1900
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42071, Murray, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,483 (100%) |
| Owner Occupied HU | 7,472 (51.6%) |
| Renter Occupied HU | 4,770 (32.9%) |
| Vacant Housing Units | 2,241 (15.5%) |
| Median Home Value | $209,592 |
| Average Home Value | $236,806 |
Housing Distribution
Address Breakdown
Residential
13,516
Single Family
13,373
Multi-Family
143
Businesses
1,391
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices