2308 State Route 302Van LearKY41265
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Van Lear rental at 2308 State Route 302, Van Lear, KY, 41265 sits in the solid-income band: 8.42% gross yield, $1,753/mo rent, $232/mo net after the $1,124/mo debt service, DSCR 1.56. Entry price of $249,900 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $69,043 and $2,302/yr in principal reduction bring total cumulative return to $109,613.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.5% |
| Monthly Cash Flow | $232 | $350 |
City averages based on Van Lear market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,753 |
| Total Monthly Debt Service | $1,422 |
| DSCR Ratio | 1.23x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 2022
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41265, Van Lear, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 724 (100%) |
| Owner Occupied HU | 540 (74.6%) |
| Renter Occupied HU | 105 (14.5%) |
| Vacant Housing Units | 79 (10.9%) |
| Median Home Value | $184,459 |
| Average Home Value | $260,306 |
Housing Distribution
Address Breakdown
Residential
651
Single Family
651
Multi-Family
0
Businesses
4
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 2022
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41265, Van Lear, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 724 (100%) |
| Owner Occupied HU | 540 (74.6%) |
| Renter Occupied HU | 105 (14.5%) |
| Vacant Housing Units | 79 (10.9%) |
| Median Home Value | $184,459 |
| Average Home Value | $260,306 |
Housing Distribution
Address Breakdown
Residential
651
Single Family
651
Multi-Family
0
Businesses
4
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jacob Howard • Re/Max Legacy Group-Paintsville
Mls Name: Eastern Kentucky AOR
Mls Provider:
Mls ID: #124221
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.