2308 State Route 302Van LearKY41265
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 Van Lear at 2308 State Route 302, Van Lear, KY, 41265 listed at $249,900 pairs $1,753/mo rent with a $1,223/mo payment to leave $232/mo cash flow. Total monthly income runs $1,753/mo, and annual cash flow reaches $2,786/yr on $82,842 cash to close. Return on cash invested measures 23.27% in year one, and rental yield registers 8.42% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 120.8% and total cumulative return in cash totals $100,070. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,753/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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.