285 S Canal StRumseyKY42371
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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 Rumsey at 285 S Canal St, Rumsey, KY, 42371 at $179,900 posts ROI 24.43% with $225/mo cash flow from $1,320/mo rent. Total monthly income equals $1,320/mo, and annual cash flow records $2,695/yr on $59,637 to close. Return on cash invested measures 24.43% and rental yield reads 8.8% at the current $179,900. Equity gained on principal adds $1,161/yr, and 5% annual appreciation supports $49,703 by year five. Five-year ROI prints 126.98% and total cumulative return in cash totals $75,729.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,320/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1999
3.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42371, Rumsey, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 245 (100%) |
| Owner Occupied HU | 179 (73.1%) |
| Renter Occupied HU | 41 (16.7%) |
| Vacant Housing Units | 25 (10.2%) |
| Median Home Value | $144,531 |
| Average Home Value | $174,609 |
Housing Distribution
Address Breakdown
Residential
221
Single Family
221
Multi-Family
0
Businesses
5
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Listed by: The Harris Group • KELLER WILLIAMS ELITE
Mls Name: Greater Owensboro Realtor Association
Mls Provider:
Mls ID: #90652
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.