1188 Center Ridge RdEddyvilleKY42038
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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 Eddyville at 1188 Center Ridge Rd, Eddyville, KY, 42038 priced at $274,900 converts $1,141/mo rent into after a $1,346/mo obligation. Total monthly income equals $1,141/mo. Return on cash invested prints 12.91% in year one, and rental yield reads 4.98% against a $274,900 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation compiles into $75,950 by year five. Five-year ROI reaches 65.19% and total cumulative return in cash sums $59,403. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,141/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in N/A
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42038, Eddyville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,973 (100%) |
| Owner Occupied HU | 1,601 (53.9%) |
| Renter Occupied HU | 460 (15.5%) |
| Vacant Housing Units | 912 (30.7%) |
| Median Home Value | $255,702 |
| Average Home Value | $304,586 |
Housing Distribution
Address Breakdown
Residential
2,391
Single Family
2,391
Multi-Family
0
Businesses
225
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Listed by: Jesse Case • RE/MAX Real Estate Services
Mls Name: WKRMLS
Mls ID: #130401
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.