2008 S Main StHopkinsvilleKY42240
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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
Rental property for sale in Hopkinsville at 2008 S Main St, Hopkinsville, KY, 42240 generates $1,110/mo in rent, after a $2,080/mo payment. Total monthly income is $1,110/mo. Return on cash invested sits at 7.33% in year one, and rental yield is 3.13% on a $424,900 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,392 over five years. Five-year ROI reaches 35.27% and total cumulative return in cash sums $49,677. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,110/mo property income rather than buyer’s personal income.
Multi Family
Built in 1940
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42240, Hopkinsville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,682 (100%) |
| Owner Occupied HU | 9,655 (51.7%) |
| Renter Occupied HU | 7,168 (38.4%) |
| Vacant Housing Units | 1,859 ( 10.0%) |
| Median Home Value | $202,774 |
| Average Home Value | $222,301 |
Housing Distribution
Address Breakdown
Residential
18,199
Single Family
17,595
Multi-Family
604
Businesses
1,274
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Listed by: Richard Reason Garrett • Concord Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3071230