222 N Chapman StMorganfieldKY42437
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Morganfield at 222 N Chapman St, Morganfield, KY, 42437 generates $1,296/mo in rent and, after a $636/mo payment, leaves $505/mo in cash flow. Total monthly income is $1,296/mo, and annual cash flow is $6,061/yr on $43,095 invested. Return on cash invested sits at 33.97% in year one, and rental yield is 11.96% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 178.22% and total cumulative return in cash sums $76,803. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,296/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
0.33 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brittany Duckworth • ERA FIRST ADVANTAGE
Mls Name: HAMLS
Mls ID: #250613