166 Narrows RdFordsvilleKY42343
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Fordsville rentals match the income profile of 166 Narrows Rd, Fordsville, KY, 42343. Listed at $228,500, gross rent is $2,017/mo and net cash flow is $627/mo, a 10.59% yield well above national averages. DSCR 1.96 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $63,130 by year five with $2,105/yr in annual principal reduction, projecting $126,897 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 8.0% |
| Monthly Cash Flow | $627 | $550 |
City averages based on Fordsville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,017 |
| Total Monthly Debt Service | $1,300 |
| DSCR Ratio | 1.55x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1985
6.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42343, Fordsville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 856 (100%) |
| Owner Occupied HU | 558 (65.2%) |
| Renter Occupied HU | 194 (22.7%) |
| Vacant Housing Units | 104 (12.1%) |
| Median Home Value | $153,676 |
| Average Home Value | $231,416 |
Housing Distribution
Address Breakdown
Residential
761
Single Family
761
Multi-Family
0
Businesses
41
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1985
6.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42343, Fordsville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 856 (100%) |
| Owner Occupied HU | 558 (65.2%) |
| Renter Occupied HU | 194 (22.7%) |
| Vacant Housing Units | 104 (12.1%) |
| Median Home Value | $153,676 |
| Average Home Value | $231,416 |
Housing Distribution
Address Breakdown
Residential
761
Single Family
761
Multi-Family
0
Businesses
41
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephanie Wright • Greater Owensboro Realty Compa
Mls Name: Greater Owensboro Realtor Association
Mls Provider:
Mls ID: #92117