213 E Spalding StMorganfieldKY42437
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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 Morganfield at 213 E Spalding St, Morganfield, KY, 42437 offers a 7.83% rental yield on a $140,000 purchase with $913/mo rent. Total monthly income registers $913/mo, and a $685/mo payment leaves $61/mo available for distribution. Annual cash flow reaches $734/yr on $46,410 to close, and return on cash invested stands at 21.49% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 111.28% and total cumulative return in cash at $51,646. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $913/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42437, Morganfield, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,947 (100%) |
| Owner Occupied HU | 1,888 (64.1%) |
| Renter Occupied HU | 759 (25.8%) |
| Vacant Housing Units | 300 (10.2%) |
| Median Home Value | $175,467 |
| Average Home Value | $226,973 |
Housing Distribution
Address Breakdown
Residential
2,882
Single Family
2,865
Multi-Family
17
Businesses
302
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Listed by: Karol Mcleod • RED HAT REALTY AND AUCTION
Mls Name: HAMLS
Mls ID: #250684