2678 State Highway 229BarbourvilleKY40906
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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 Barbourville at 2678 State Highway 229, Barbourville, KY, 40906 offers a 8.3% rental yield on a $215,000 purchase with $1,487/mo rent. Total monthly income registers $1,487/mo, and a $1,052/mo payment leaves $179/mo available for distribution. Annual cash flow reaches $2,145/yr on $71,273 to close, and return on cash invested stands at 22.92% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 118.85% and total cumulative return in cash at $84,709. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,487/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40906, Barbourville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,006 (100%) |
| Owner Occupied HU | 2,721 (54.4%) |
| Renter Occupied HU | 1,678 (33.5%) |
| Vacant Housing Units | 607 (12.1%) |
| Median Home Value | $154,202 |
| Average Home Value | $177,483 |
Housing Distribution
Address Breakdown
Residential
4,148
Single Family
4,126
Multi-Family
22
Businesses
446
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Listed by: Austin Roberts • Foster, REALTORS
Mls Name: BHHS broker feed
Mls ID: #25503374