1619 Elva RdMadisonvilleKY42431
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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 Madisonville at 1619 Elva Rd, Madisonville, KY, 42431 uses $72,930 cash to close to unlock $5,614/yr annual cash flow and $468/mo monthly cash flow. Total monthly income runs $1,807/mo, and a $1,077/mo payment keeps the spread at $468/mo. Purchase price stands at $220,000, and rental yield measures 9.86% with $1,807/mo rent. Return on cash invested shows 27.61% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 143.99% and total cumulative return in cash records $105,011. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,807/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1998
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42431, Madisonville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,228 (100%) |
| Owner Occupied HU | 7,228 (59.1%) |
| Renter Occupied HU | 3,606 (29.5%) |
| Vacant Housing Units | 1,394 (11.4%) |
| Median Home Value | $157,464 |
| Average Home Value | $194,479 |
Housing Distribution
Address Breakdown
Residential
11,582
Single Family
11,285
Multi-Family
297
Businesses
1,296
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Listed by: Lavena Cavanaugh • Bhg Realty
Mls Name: MHCBOR
Mls ID: #116853
Disclaimer: Copyright Madisonville-Hopkins County Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.