2641 Mill StSmith MillsKY42462
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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 Smith Mills at 2641 Mill St, Smith Mills, KY, 42462 uses $53,007 cash to close to unlock $3,389/yr annual cash flow and $282/mo monthly cash flow. Total monthly income runs $1,256/mo, and a $783/mo payment keeps the spread at $282/mo. Purchase price stands at $159,900, and rental yield measures 9.43% with $1,256/mo rent. Return on cash invested shows 26.3% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 137.04% and total cumulative return in cash records $72,642. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,256/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42462, Waverly, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 603 (100%) |
| Owner Occupied HU | 470 (77.9%) |
| Renter Occupied HU | 87 (14.4%) |
| Vacant Housing Units | 46 ( 7.6%) |
| Median Home Value | $215,000 |
| Average Home Value | $198,910 |
Housing Distribution
Address Breakdown
Residential
530
Single Family
530
Multi-Family
0
Businesses
21
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Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A