2103 Versnick DrMadisonvilleKY42431
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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 Madisonville at 2103 Versnick Dr, Madisonville, KY, 42431 uses $199,045 cash to close to unlock $4,944/yr annual cash flow and $412/mo monthly cash flow. Total monthly income runs $4,094/mo, and a $2,961/mo payment keeps the spread at $412/mo. Purchase price stands at $605,000, and rental yield measures 8.12% with $4,094/mo rent. Return on cash invested shows 22.54% in year one, and 5% annual appreciation builds toward $167,150 over five years. Five-year ROI reaches 116.82% and total cumulative return in cash records $232,534. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,094/mo property income covering a $2,961/mo payment rather than investor’s personal income.
Single Family
Built in 2003
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42431, Madisonville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,228 (100%) |
| Owner Occupied HU | 7,228 (59.1%) |
| Renter Occupied HU | 3,606 (29.5%) |
| Vacant Housing Units | 1,394 (11.4%) |
| Median Home Value | $157,464 |
| Average Home Value | $194,479 |
Housing Distribution
Address Breakdown
Residential
11,582
Single Family
11,285
Multi-Family
297
Businesses
1,296
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Listed by: Sara Spencer • Haven Realty, LLC
Mls Name: MHCBOR
Mls ID: #117119
Disclaimer: Copyright Madisonville-Hopkins County Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.