2857 State Route 1241HickoryKY42051
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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 Hickory at 2857 State Route 1241, Hickory, KY, 42051 uses $91,129 cash to close to unlock $2,909/yr annual cash flow and $242/mo monthly cash flow. Total monthly income runs $1,915/mo, and a $1,346/mo payment keeps the spread at $242/mo. Purchase price stands at $274,900, and rental yield measures 8.36% with $1,915/mo rent. Return on cash invested shows 23.1% in year one, and 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 119.85% and total cumulative return in cash records $109,215. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,915/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1966
1.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42051, Hickory, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,250 (100%) |
| Owner Occupied HU | 937 (75.0%) |
| Renter Occupied HU | 219 (17.5%) |
| Vacant Housing Units | 94 ( 7.5%) |
| Median Home Value | $173,234 |
| Average Home Value | $203,829 |
Housing Distribution
Address Breakdown
Residential
1,315
Single Family
1,315
Multi-Family
0
Businesses
39
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