230 Driftwood RdCorbinKY40701
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
Investment property for sale in Corbin at 230 Driftwood Rd, Corbin, KY, 40701 uses $95,969 cash to close to unlock $4,728/yr annual cash flow and $394/mo monthly cash flow. Total monthly income runs $2,156/mo, and a $1,417/mo payment keeps the spread at $394/mo. Purchase price stands at $289,500, and rental yield measures 8.94% with $2,156/mo rent. Return on cash invested shows 24.84% in year one, and 5% annual appreciation builds toward $79,984 over five years. Five-year ROI reaches 129.17% and total cumulative return in cash records $123,963. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,156/mo property income covering a $1,417/mo payment rather than investor’s personal income.
Single Family
Built in 1997
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40701, Corbin, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,997 (100%) |
| Owner Occupied HU | 8,328 (59.5%) |
| Renter Occupied HU | 4,261 (30.4%) |
| Vacant Housing Units | 1,408 (10.1%) |
| Median Home Value | $166,864 |
| Average Home Value | $190,581 |
Housing Distribution
Address Breakdown
Residential
13,527
Single Family
13,075
Multi-Family
452
Businesses
925
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sheila Reeves • Revolution Realty, LLC
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24019383
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.