2421 Lakewood DrPaducahKY42003
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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 Paducah at 2421 Lakewood Dr, Paducah, KY, 42003 offers a 9.12% rental yield on a $342,000 purchase with $2,598/mo rent. Total monthly income registers $2,598/mo, and a $1,674/mo payment leaves $356/mo available for distribution. Annual cash flow reaches $4,277/yr on $113,373 to close, and return on cash invested stands at 23.68% in year one. Equity gained on principal adds $2,207/yr while 5% annual appreciation supports $94,488 over five years. Portfolio math shows five-year ROI at 123.56% and total cumulative return in cash at $140,086. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,598/mo property income against a $1,674/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2017
N/A lot
$N/A/sqft
$480 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42003, Paducah, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,990 (100%) |
| Owner Occupied HU | 7,848 (56.1%) |
| Renter Occupied HU | 4,476 (32.0%) |
| Vacant Housing Units | 1,666 (11.9%) |
| Median Home Value | $186,025 |
| Average Home Value | $231,453 |
Housing Distribution
Address Breakdown
Residential
13,288
Single Family
12,784
Multi-Family
504
Businesses
1,211
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Listed by: Denise Wilson • Elite Realty
Mls Name: WKRMLS
Mls ID: #129653
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.