208 Patterson StGamalielKY42140
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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 Gamaliel at 208 Patterson St, Gamaliel, KY, 42140 generates $1,690/mo in rent and, after a $1,317/mo payment, leaves $52/mo in cash flow. Total monthly income is $1,690/mo, and annual cash flow is $629/yr on $89,174 invested. Return on cash invested sits at 20.61% in year one, and rental yield is 7.54% on a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 106.51% and total cumulative return in cash sums $94,979. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,690/mo property income rather than buyer’s personal income.
Single Family
Built in 1969
16.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42140, Gamaliel, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 586 (100%) |
| Owner Occupied HU | 381 (65.0%) |
| Renter Occupied HU | 139 (23.7%) |
| Vacant Housing Units | 66 (11.3%) |
| Median Home Value | $96,481 |
| Average Home Value | $271,155 |
Housing Distribution
Address Breakdown
Residential
554
Single Family
554
Multi-Family
0
Businesses
38
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