116 E Reservoir AveCentral CityKY42330
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 Central City at 116 E Reservoir Ave, Central City, KY, 42330 uses $86,190 cash to close to unlock $6,362/yr annual cash flow and $530/mo monthly cash flow. Total monthly income runs $2,113/mo, and a $1,273/mo payment keeps the spread at $530/mo. Purchase price stands at $260,000, and rental yield measures 9.75% with $2,113/mo rent. Return on cash invested shows 27.29% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 142.34% and total cumulative return in cash records $122,681. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,113/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42330, Central City, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,988 (100%) |
| Owner Occupied HU | 2,487 (62.4%) |
| Renter Occupied HU | 1,072 (26.9%) |
| Vacant Housing Units | 429 (10.8%) |
| Median Home Value | $141,516 |
| Average Home Value | $184,295 |
Housing Distribution
Address Breakdown
Residential
3,680
Single Family
3,641
Multi-Family
39
Businesses
323
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rebecca Hall • Eaves Realty Auc-KW 1st Choice
Mls Name: RASK
Mls Provider:
Mls ID: #RA20245139
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.