116 Cedar StAlbanyKY42602
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
Investment Highlights
Investment property for sale in Albany at 116 Cedar St, Albany, KY, 42602 with 5% annual appreciation on a $170,000 basis while $1,849/mo rent supports operations. Total monthly income totals $1,849/mo and a $832/mo payment preserves $814/mo for cash returns. Annual cash flow comes to $9,773/yr on $56,355 deployed, and return on cash invested reaches 37.25% in year one. Equity gained on principal adds $1,097/yr, and five-year appreciation sums $46,968 alongside rental yield of 13.05%. Five-year ROI measures 195.77% and total cumulative return in cash totals $110,325.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,849/mo property income versus a $832/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42602, Albany, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,682 (100%) |
| Owner Occupied HU | 2,700 (57.7%) |
| Renter Occupied HU | 1,075 (23.0%) |
| Vacant Housing Units | 907 (19.4%) |
| Median Home Value | $115,265 |
| Average Home Value | $150,402 |
Housing Distribution
Address Breakdown
Residential
4,364
Single Family
4,364
Multi-Family
0
Businesses
425
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices