2589 Billy Drake RdCentral CityKY42330
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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 Central City at 2589 Billy Drake Rd, Central City, KY, 42330 earns $512/mo cash flow from $1,967/mo rent with a $1,170/mo payment. Total monthly income totals $1,967/mo, and annual cash flow totals $6,146/yr on $79,229 capital. ROI tracks 27.67% on current figures, and rental yield reads 9.88% at a $239,000 purchase. Equity gained on principal adds $1,542/yr, and 5% annual appreciation supports $66,031 over five years. Five-year ROI reaches 144.36% and total cumulative return in cash sums $114,372. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,967/mo property income instead of your personal income.
Single Family
Built in 2008
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42330, Central City, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,988 (100%) |
| Owner Occupied HU | 2,487 (62.4%) |
| Renter Occupied HU | 1,072 (26.9%) |
| Vacant Housing Units | 429 (10.8%) |
| Median Home Value | $141,516 |
| Average Home Value | $184,295 |
Housing Distribution
Address Breakdown
Residential
3,680
Single Family
3,641
Multi-Family
39
Businesses
323
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