2731 E 40thPaintsvilleKY41240
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 2731 E 40th, Paintsville, KY, 41240 in Paintsville: $1,747/mo in rent, $229/mo in net income, 8.4% gross yield, 1.56 DSCR, all at $249,500. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $68,932 in appreciation and $2,298/yr in principal paydown projects total cumulative return of $109,205.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 7.0% |
| Monthly Cash Flow | $229 | $450 |
City averages based on Paintsville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,747 |
| Total Monthly Debt Service | $1,419 |
| DSCR Ratio | 1.23x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1979
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41240, Paintsville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,134 (100%) |
| Owner Occupied HU | 1,617 (51.6%) |
| Renter Occupied HU | 1,096 (35.0%) |
| Vacant Housing Units | 421 (13.4%) |
| Median Home Value | $183,031 |
| Average Home Value | $234,641 |
Housing Distribution
Address Breakdown
Residential
2,802
Single Family
2,633
Multi-Family
169
Businesses
473
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1979
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41240, Paintsville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,134 (100%) |
| Owner Occupied HU | 1,617 (51.6%) |
| Renter Occupied HU | 1,096 (35.0%) |
| Vacant Housing Units | 421 (13.4%) |
| Median Home Value | $183,031 |
| Average Home Value | $234,641 |
Housing Distribution
Address Breakdown
Residential
2,802
Single Family
2,633
Multi-Family
169
Businesses
473
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Teresa Preston • Better Homes & Gardens Real Estate-Redd, Brown & Williams
Mls Name: Eastern Kentucky AOR
Mls ID: #126711