2257 Doc Ward RdSummersvilleKY42782
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 2257 Doc Ward Rd, Summersville, KY, 42782 in Summersville. Rental yield 5.28%. At $448,800 with 5.28% gross yield, current distributions are modest, but the 5% appreciation rate projects $123,995 in new equity by year five, complemented by $4,133/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.98) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $121,346.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.3% | 6.8% |
| Monthly Cash Flow | $(756) | $350 |
City averages based on Summersville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,975 |
| Total Monthly Debt Service | $2,553 |
| DSCR Ratio | 0.77x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1993
39.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42782, Summersville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 387 (100%) |
| Owner Occupied HU | 278 (71.8%) |
| Renter Occupied HU | 57 (14.7%) |
| Vacant Housing Units | 52 (13.4%) |
| Median Home Value | $141,667 |
| Average Home Value | $178,642 |
Housing Distribution
Address Breakdown
Residential
441
Single Family
441
Multi-Family
0
Businesses
14
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
Single Family
Built in 1993
39.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42782, Summersville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 387 (100%) |
| Owner Occupied HU | 278 (71.8%) |
| Renter Occupied HU | 57 (14.7%) |
| Vacant Housing Units | 52 (13.4%) |
| Median Home Value | $141,667 |
| Average Home Value | $178,642 |
Housing Distribution
Address Breakdown
Residential
441
Single Family
441
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Weldon Hawkins • Mayes Thompson Realty LLC
Mls Name: GLARMLS
Mls ID: #1701995