1966 Highway 1383Russell SpringsKY42642
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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 Russell Springs at 1966 Highway 1383, Russell Springs, KY, 42642 earns $25/mo cash flow from $1,236/mo rent with a $974/mo payment. Total monthly income totals $1,236/mo, and annual cash flow totals $298/yr on $65,969 capital. ROI tracks 20.36% on current figures, and rental yield reads 7.45% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 105.11% and total cumulative return in cash sums $69,342. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,236/mo property income instead of your personal income.
Single Family
Built in 1950
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42642, Russell Springs, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,935 (100%) |
| Owner Occupied HU | 4,045 (58.3%) |
| Renter Occupied HU | 1,547 (22.3%) |
| Vacant Housing Units | 1,343 (19.4%) |
| Median Home Value | $174,781 |
| Average Home Value | $203,668 |
Housing Distribution
Address Breakdown
Residential
5,488
Single Family
5,488
Multi-Family
0
Businesses
404
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Listed by: Ronnie Elmore • Kentucky Lifestyle Properties
Mls Name: United Country
Mls ID: #16033-002940