283 Cotton RdCorbinKY40701
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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
Rental property for sale in Corbin at 283 Cotton Rd, Corbin, KY, 40701 priced at $895,000 converts $3,498/mo rent into after a $4,381/mo obligation. Total monthly income equals $3,498/mo. Return on cash invested prints 12.12% in year one, and rental yield reads 4.69% against a $895,000 entry. Equity gained on principal adds $5,775/yr, while 5% annual appreciation compiles into $247,272 by year five. Five-year ROI reaches 60.88% and total cumulative return in cash sums $179,258. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,498/mo property income covering a $4,381/mo payment, not borrower’s personal income.
Single Family
Built in 2006
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40701, Corbin, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,997 (100%) |
| Owner Occupied HU | 8,328 (59.5%) |
| Renter Occupied HU | 4,261 (30.4%) |
| Vacant Housing Units | 1,408 (10.1%) |
| Median Home Value | $166,864 |
| Average Home Value | $190,581 |
Housing Distribution
Address Breakdown
Residential
13,527
Single Family
13,075
Multi-Family
452
Businesses
925
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