211 State Garage RdStearnsKY42647
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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 Stearns at 211 State Garage Rd, Stearns, KY, 42647 priced at $245,000 converts $1,600/mo rent into $109/mo cash flow after a $1,199/mo obligation. Total monthly income equals $1,600/mo, and annual cash flow totals $1,308/yr on $81,218 invested. Return on cash invested prints 21.52% in year one, and rental yield reads 7.84% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 111.4% and total cumulative return in cash sums $90,480. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,600/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1971
3.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42647, Stearns, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,709 (100%) |
| Owner Occupied HU | 1,152 (67.4%) |
| Renter Occupied HU | 343 (20.1%) |
| Vacant Housing Units | 214 (12.5%) |
| Median Home Value | $101,594 |
| Average Home Value | $132,556 |
Housing Distribution
Address Breakdown
Residential
1,168
Single Family
1,168
Multi-Family
0
Businesses
45
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Listed by: Tammy Stevens • Weichert Realtors Ford Brothers, Inc.
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25008228
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.