116 Ward StHazardKY41701
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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
Rental property for sale in Hazard at 116 Ward St, Hazard, KY, 41701 offers $1,459/mo rent that, after a $563/mo payment, leaves $759/mo cash flow. Total monthly income is $1,459/mo, and annual cash flow is $9,108/yr on $38,123 cash. Return on cash invested measures 43.8% in year one, and rental yield stands at 15.22% at a $115,000 entry. Equity gained on principal adds $742/yr while 5% annual appreciation compounds into $31,772 by year five. Five-year ROI records 230.82% and total cumulative return in cash reaches $87,993. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,459/mo property income versus a $563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41701, Hazard, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,242 (100%) |
| Owner Occupied HU | 4,247 (58.6%) |
| Renter Occupied HU | 2,109 (29.1%) |
| Vacant Housing Units | 886 (12.2%) |
| Median Home Value | $114,824 |
| Average Home Value | $166,979 |
Housing Distribution
Address Breakdown
Residential
6,084
Single Family
5,930
Multi-Family
154
Businesses
627
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