231 W Court StMayfieldKY42066
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
Rental property for sale in Mayfield at 231 W Court St, Mayfield, KY, 42066 priced at $290,000 converts $2,000/mo rent into $235/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,000/mo, and annual cash flow totals $2,825/yr on $96,135 invested. Return on cash invested prints 22.85% in year one, and rental yield reads 8.28% against a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,122 by year five. Five-year ROI reaches 118.48% and total cumulative return in cash sums $113,896. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,000/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42066, Mayfield, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,333 (100%) |
| Owner Occupied HU | 6,369 (61.6%) |
| Renter Occupied HU | 2,866 (27.7%) |
| Vacant Housing Units | 1,098 (10.6%) |
| Median Home Value | $154,990 |
| Average Home Value | $192,095 |
Housing Distribution
Address Breakdown
Residential
9,666
Single Family
9,609
Multi-Family
57
Businesses
783
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gracie Youngblood • Westwind Real Estate & Development
Mls Name: WKRMLS
Mls ID: #127564
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.