232 Madison AveDanvilleKY40422
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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 Danville at 232 Madison Ave, Danville, KY, 40422 uses $72,930 cash to close to unlock $6,130/yr annual cash flow and $511/mo monthly cash flow. Total monthly income runs $1,850/mo, and a $1,077/mo payment keeps the spread at $511/mo. Purchase price stands at $220,000, and rental yield measures 10.09% with $1,850/mo rent. Return on cash invested shows 28.31% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 147.79% and total cumulative return in cash records $107,783. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,850/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1960
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40422, Danville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,299 (100%) |
| Owner Occupied HU | 6,664 (59.0%) |
| Renter Occupied HU | 3,609 (31.9%) |
| Vacant Housing Units | 1,026 ( 9.1%) |
| Median Home Value | $227,402 |
| Average Home Value | $271,310 |
Housing Distribution
Address Breakdown
Residential
10,212
Single Family
9,841
Multi-Family
371
Businesses
952
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