2494 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 2494 Lakewood Dr, Paducah, KY, 42003 with 5% annual appreciation on a $249,900 basis while $2,430/mo rent supports operations. Total monthly income totals $2,430/mo and a $1,223/mo payment preserves $724/mo for cash returns. Annual cash flow comes to $8,690/yr on $82,842 deployed, and return on cash invested reaches 30.4% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,043 alongside rental yield of 11.67%. Five-year ROI measures 159.97% and total cumulative return in cash totals $132,518.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,430/mo property income versus a $1,223/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2008
N/A lot
$N/A/sqft
$555 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: Vince Carter • Carter Realty Group, LLC
Mls Name: WKRMLS
Mls ID: #127965
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.