23050 Highway 32MarthaKY41159
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 Martha at 23050 Highway 32, Martha, KY, 41159 offers a 8.03% rental yield on a $209,000 purchase with $1,398/mo rent. Total monthly income registers $1,398/mo, and a $1,023/mo payment leaves $126/mo available for distribution. Annual cash flow reaches $1,511/yr on $69,284 to close, and return on cash invested stands at 22.09% in year one. Equity gained on principal adds $1,349/yr while 5% annual appreciation supports $57,743 over five years. Portfolio math shows five-year ROI at 114.4% and total cumulative return in cash at $79,262. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,398/mo property income against a $1,023/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
40.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41159, Martha, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 310 (100%) |
| Owner Occupied HU | 200 (64.5%) |
| Renter Occupied HU | 66 (21.3%) |
| Vacant Housing Units | 44 (14.2%) |
| Median Home Value | $70,000 |
| Average Home Value | $124,238 |
Housing Distribution
Address Breakdown
Residential
198
Single Family
198
Multi-Family
0
Businesses
8
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Nearby investment properties with comparable prices
Listed by: Teresa Preston • Redd, Brown & Williams Real Estate Services(Paint)
Mls Name: Eastern Kentucky AOR
Mls Provider:
Mls ID: #122428
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.