245 E Cedar DrPikevilleKY41501
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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 Pikeville at 245 E Cedar Dr, Pikeville, KY, 41501 at $649,000 posts ROI 7.97% with from $1,800/mo rent. Total monthly income equals $1,800/mo. Return on cash invested measures 7.97% and rental yield reads 3.33% at the current $649,000. Equity gained on principal adds $4,188/yr, and 5% annual appreciation supports $179,307 by year five. Five-year ROI prints 38.68% and total cumulative return in cash totals $82,596. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,800/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1981
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41501, Pikeville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,752 (100%) |
| Owner Occupied HU | 5,995 (55.8%) |
| Renter Occupied HU | 3,332 (31.0%) |
| Vacant Housing Units | 1,425 (13.3%) |
| Median Home Value | $193,211 |
| Average Home Value | $239,119 |
Housing Distribution
Address Breakdown
Residential
9,988
Single Family
9,497
Multi-Family
491
Businesses
969
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Listed by: Jennifer Brown Day • REDD, BROWN & WILLIAMS Real Estate Services(Pike)
Mls Name: Eastern Kentucky AOR
Mls Provider:
Mls ID: #124392
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.