115 1st St NBurginKY40310
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.3% yield at 115 1st St N, Burgin, KY, 40310 in Burgin is solid, but the $537/mo payment compresses net cash flow to $199/mo at $119,500. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $33,016 by year five, and $1,101/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.72) without U.S. income documentation. Total projected return: $58,093.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 7.5% |
| Monthly Cash Flow | $199 | $800 |
City averages based on Burgin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $926 |
| Total Monthly Debt Service | $680 |
| DSCR Ratio | 1.36x |
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 N/A
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40310, Burgin, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 64 (100%) |
| Owner Occupied HU | 41 (64.1%) |
| Renter Occupied HU | 18 (28.1%) |
| Vacant Housing Units | 5 ( 7.8%) |
| Median Home Value | $209,375 |
| Average Home Value | $262,683 |
Housing Distribution
Address Breakdown
Residential
6
Single Family
6
Multi-Family
0
Businesses
43
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 N/A
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40310, Burgin, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 64 (100%) |
| Owner Occupied HU | 41 (64.1%) |
| Renter Occupied HU | 18 (28.1%) |
| Vacant Housing Units | 5 ( 7.8%) |
| Median Home Value | $209,375 |
| Average Home Value | $262,683 |
Housing Distribution
Address Breakdown
Residential
6
Single Family
6
Multi-Family
0
Businesses
43
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices