198 Rick RdCalvert CityKY42029
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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 Calvert City at 198 Rick Rd, Calvert City, KY, 42029 listed at $199,900 pairs $1,516/mo rent with a $978/mo payment to leave $300/mo cash flow. Total monthly income runs $1,516/mo, and annual cash flow reaches $3,597/yr on $66,267 cash to close. Return on cash invested measures 25.34% in year one, and rental yield registers 9.1% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 131.83% and total cumulative return in cash totals $87,361. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,516/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1997
2.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42029, Calvert City, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,067 (100%) |
| Owner Occupied HU | 2,036 (66.4%) |
| Renter Occupied HU | 485 (15.8%) |
| Vacant Housing Units | 546 (17.8%) |
| Median Home Value | $210,231 |
| Average Home Value | $245,817 |
Housing Distribution
Address Breakdown
Residential
2,646
Single Family
2,646
Multi-Family
0
Businesses
267
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Listed by: Becky Ray • Park Avenue Properties
Mls Name: WKRMLS
Mls ID: #130133
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