2077 & 2079 Millerfield RdRussell 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 2077 & 2079 Millerfield Rd, Russell Springs, KY, 42642 uses $62,819 cash to close to unlock $3,722/yr annual cash flow and $310/mo monthly cash flow. Total monthly income runs $1,464/mo, and a $928/mo payment keeps the spread at $310/mo. Purchase price stands at $189,500, and rental yield measures 9.27% with $1,464/mo rent. Return on cash invested shows 25.83% in year one, and 5% annual appreciation builds toward $52,355 over five years. Five-year ROI reaches 134.54% and total cumulative return in cash records $84,515. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,464/mo property income covering a $928/mo payment rather than investor’s personal income.
Single Family
Built in 2023
2 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: Elaine Rowlett • Southern Nest Realty, LLC
Mls Name: South Central Kentucky AOR
Mls ID: #SC47481