1155 W Noel AveMadisonvilleKY42431
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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
Investment property for sale in Madisonville at 1155 W Noel Ave, Madisonville, KY, 42431 offers a 9.41% rental yield on a $173,900 purchase with $1,364/mo rent. Total monthly income registers $1,364/mo, and a $851/mo payment leaves $306/mo available for distribution. Annual cash flow reaches $3,669/yr on $57,648 to close, and return on cash invested stands at 26.27% in year one. Equity gained on principal adds $1,122/yr while 5% annual appreciation supports $48,045 over five years. Portfolio math shows five-year ROI at 136.84% and total cumulative return in cash at $78,886. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,364/mo property income against a $851/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42431, Madisonville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,228 (100%) |
| Owner Occupied HU | 7,228 (59.1%) |
| Renter Occupied HU | 3,606 (29.5%) |
| Vacant Housing Units | 1,394 (11.4%) |
| Median Home Value | $157,464 |
| Average Home Value | $194,479 |
Housing Distribution
Address Breakdown
Residential
11,582
Single Family
11,285
Multi-Family
297
Businesses
1,296
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Listed by: Kim Harper • Heritage Homes Real Estate
Mls Name: MHCBOR
Mls ID: #117208