255 Paddle Wheel RdGilbertsvilleKY42044
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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 Gilbertsville at 255 Paddle Wheel Rd, Gilbertsville, KY, 42044 uses $66,267 cash to close to unlock $5,925/yr annual cash flow and $494/mo monthly cash flow. Total monthly income runs $1,710/mo, and a $978/mo payment keeps the spread at $494/mo. Purchase price stands at $199,900, and rental yield measures 10.27% with $1,710/mo rent. Return on cash invested shows 28.85% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 150.66% and total cumulative return in cash records $99,841. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,710/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in N/A
3.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42044, Gilbertsville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,332 (100%) |
| Owner Occupied HU | 1,291 (55.4%) |
| Renter Occupied HU | 244 (10.5%) |
| Vacant Housing Units | 797 (34.2%) |
| Median Home Value | $279,534 |
| Average Home Value | $302,725 |
Housing Distribution
Address Breakdown
Residential
1,778
Single Family
1,778
Multi-Family
0
Businesses
48
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Listed by: Jennifer Smith • eXp Realty, LLC
Mls Name: WKRMLS
Mls ID: #129208
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.