1850 Spruce Pine RdGarnerKY41817
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable and efficiently structured, 1850 Spruce Pine Rd, Garner, KY, 41817 in Garner is a conservative rental investment at $175,000. Rental yield 7.01%. A 1.30 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $48,349; $1,612/yr in principal paydown supplements. Total projected return: $63,537.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 7.5% |
| Monthly Cash Flow | $(43) | $250 |
City averages based on Garner market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,022 |
| Total Monthly Debt Service | $995 |
| DSCR Ratio | 1.03x |
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 1979
18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41817, Garner, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 254 (100%) |
| Owner Occupied HU | 160 (63.0%) |
| Renter Occupied HU | 40 (15.7%) |
| Vacant Housing Units | 54 (21.3%) |
| Median Home Value | $88,182 |
| Average Home Value | $114,969 |
Housing Distribution
Address Breakdown
Residential
125
Single Family
125
Multi-Family
0
Businesses
1
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 1979
18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41817, Garner, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 254 (100%) |
| Owner Occupied HU | 160 (63.0%) |
| Renter Occupied HU | 40 (15.7%) |
| Vacant Housing Units | 54 (21.3%) |
| Median Home Value | $88,182 |
| Average Home Value | $114,969 |
Housing Distribution
Address Breakdown
Residential
125
Single Family
125
Multi-Family
0
Businesses
1
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Jones • Re/Max Legacy Group-Hazard
Mls Name: Eastern Kentucky AOR
Mls Provider:
Mls ID: #124661
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.