214 Spruce StPinevilleKY40977
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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 Pineville at 214 Spruce St, Pineville, KY, 40977 uses $67,626 cash to close to unlock $3,491/yr annual cash flow and $291/mo monthly cash flow. Total monthly income runs $1,532/mo, and a $998/mo payment keeps the spread at $291/mo. Purchase price stands at $204,000, and rental yield measures 9.01% with $1,532/mo rent. Return on cash invested shows 25.07% in year one, and 5% annual appreciation builds toward $56,361 over five years. Five-year ROI reaches 130.39% and total cumulative return in cash records $88,180. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,532/mo property income covering a $998/mo payment rather than investor’s personal income.
Single Family
Built in N/A
5,784 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40977, Pineville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,606 (100%) |
| Owner Occupied HU | 2,217 (61.5%) |
| Renter Occupied HU | 956 (26.5%) |
| Vacant Housing Units | 433 (12.0%) |
| Median Home Value | $87,516 |
| Average Home Value | $121,083 |
Housing Distribution
Address Breakdown
Residential
3,231
Single Family
3,092
Multi-Family
139
Businesses
204
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