2471 State Route 408 WHickoryKY42051
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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 Hickory at 2471 State Route 408 W, Hickory, KY, 42051 uses $53,040 cash to close to unlock $6,544/yr annual cash flow and $545/mo monthly cash flow. Total monthly income runs $1,519/mo, and a $783/mo payment keeps the spread at $545/mo. Purchase price stands at $160,000, and rental yield measures 11.39% with $1,519/mo rent. Return on cash invested shows 32.25% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 168.92% and total cumulative return in cash records $89,594. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,519/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1933
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42051, Hickory, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,250 (100%) |
| Owner Occupied HU | 937 (75.0%) |
| Renter Occupied HU | 219 (17.5%) |
| Vacant Housing Units | 94 ( 7.5%) |
| Median Home Value | $173,234 |
| Average Home Value | $203,829 |
Housing Distribution
Address Breakdown
Residential
1,315
Single Family
1,315
Multi-Family
0
Businesses
39
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Listed by: Lauren Allbritten • eXp Realty, LLC, Sara Gipson Group
Mls Name: WKRMLS
Mls ID: #128325
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.