1248 Lower Shirt Factory RdStearnsKY42647
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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 Stearns at 1248 Lower Shirt Factory Rd, Stearns, KY, 42647 offers a 10.33% rental yield on a $110,000 purchase with $947/mo rent. Total monthly income registers $947/mo, and a $538/mo payment leaves $278/mo available for distribution. Annual cash flow reaches $3,335/yr on $36,465 to close, and return on cash invested stands at 29.05% in year one. Equity gained on principal adds $710/yr while 5% annual appreciation supports $30,391 over five years. Portfolio math shows five-year ROI at 151.74% and total cumulative return in cash at $55,332. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $947/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
5.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42647, Stearns, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,709 (100%) |
| Owner Occupied HU | 1,152 (67.4%) |
| Renter Occupied HU | 343 (20.1%) |
| Vacant Housing Units | 214 (12.5%) |
| Median Home Value | $101,594 |
| Average Home Value | $132,556 |
Housing Distribution
Address Breakdown
Residential
1,168
Single Family
1,168
Multi-Family
0
Businesses
45
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