1740 Gose PikeDanvilleKY40422
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 1740 Gose Pike, Danville, KY, 40422 in Danville worth modelling. At $849,900 with a 7.44% gross yield, the $3,692/mo rent leaves $99/mo after the $3,822/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 0.97 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $234,812 by year five; $7,828/yr in principal reduction adds further equity. Total projected return: $226,621.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 8.1% |
| Monthly Cash Flow | $99 | $350 |
City averages based on Danville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,692 |
| Total Monthly Debt Service | $4,834 |
| DSCR Ratio | 0.76x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1998
5.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40422, Danville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,299 (100%) |
| Owner Occupied HU | 6,664 (59.0%) |
| Renter Occupied HU | 3,609 (31.9%) |
| Vacant Housing Units | 1,026 ( 9.1%) |
| Median Home Value | $227,402 |
| Average Home Value | $271,310 |
Housing Distribution
Address Breakdown
Residential
10,212
Single Family
9,841
Multi-Family
371
Businesses
952
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 1998
5.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40422, Danville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,299 (100%) |
| Owner Occupied HU | 6,664 (59.0%) |
| Renter Occupied HU | 3,609 (31.9%) |
| Vacant Housing Units | 1,026 ( 9.1%) |
| Median Home Value | $227,402 |
| Average Home Value | $271,310 |
Housing Distribution
Address Breakdown
Residential
10,212
Single Family
9,841
Multi-Family
371
Businesses
952
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: H Daniel Ayres • Danny Ayres Realty & Auction
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25010863
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.