229 Lawrence StMadisonvilleKY42431
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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
Rental property for sale in Madisonville at 229 Lawrence St, Madisonville, KY, 42431 priced at $145,000 converts $1,097/mo rent into $214/mo cash flow after a $710/mo obligation. Total monthly income equals $1,097/mo, and annual cash flow totals $2,571/yr on $48,068 invested. Return on cash invested prints 25.26% in year one, and rental yield reads 9.08% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 131.46% and total cumulative return in cash sums $63,188. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,097/mo property income covering a $710/mo payment, not borrower’s personal income.
Single Family
Built in 1953
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42431, Madisonville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,228 (100%) |
| Owner Occupied HU | 7,228 (59.1%) |
| Renter Occupied HU | 3,606 (29.5%) |
| Vacant Housing Units | 1,394 (11.4%) |
| Median Home Value | $157,464 |
| Average Home Value | $194,479 |
Housing Distribution
Address Breakdown
Residential
11,582
Single Family
11,285
Multi-Family
297
Businesses
1,296
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Listed by: Robin Duke • My Ky Homes Realty
Mls Name: MHCBOR
Mls ID: #115214
Disclaimer: Copyright Madisonville-Hopkins County Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.