1659 State Highway 501WaynesburgKY40489
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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 Waynesburg at 1659 State Highway 501, Waynesburg, KY, 40489 earns $298/mo cash flow from $1,028/mo rent with a $587/mo payment. Total monthly income totals $1,028/mo, and annual cash flow totals $3,576/yr on $39,780 capital. ROI tracks 28.9% on current figures, and rental yield reads 10.28% at a $120,000 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 over five years. Five-year ROI reaches 150.91% and total cumulative return in cash sums $60,031. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,028/mo property income instead of your personal income.
Multi Family
Built in N/A
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40489, Waynesburg, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,759 (100%) |
| Owner Occupied HU | 1,268 (72.1%) |
| Renter Occupied HU | 303 (17.2%) |
| Vacant Housing Units | 188 (10.7%) |
| Median Home Value | $145,221 |
| Average Home Value | $171,538 |
Housing Distribution
Address Breakdown
Residential
1,686
Single Family
1,686
Multi-Family
0
Businesses
51
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Nearby investment properties with comparable prices
Listed by: Curtis Brown • Keller Williams Commonwealth - Stanford
Mls Name: Imagine MLS
Mls ID: #26000263