221 3rd StPaintsvilleKY41240
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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 Paintsville at 221 3rd St, Paintsville, KY, 41240 offers a 8.64% rental yield on a $299,900 purchase with $2,159/mo rent. Total monthly income registers $2,159/mo, and a $1,468/mo payment leaves $334/mo available for distribution. Annual cash flow reaches $4,003/yr on $99,417 to close, and return on cash invested stands at 23.94% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 124.33% and total cumulative return in cash at $123,604. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,159/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41240, Paintsville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,134 (100%) |
| Owner Occupied HU | 1,617 (51.6%) |
| Renter Occupied HU | 1,096 (35.0%) |
| Vacant Housing Units | 421 (13.4%) |
| Median Home Value | $183,031 |
| Average Home Value | $234,641 |
Housing Distribution
Address Breakdown
Residential
2,802
Single Family
2,633
Multi-Family
169
Businesses
473
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Listed by: Ellen Harris • Century 21 American Way Realty
Mls Name: Imagine MLS
Mls ID: #25018360