286 Billy Drake RdCentral CityKY42330
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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 Central City at 286 Billy Drake Rd, Central City, KY, 42330 generates $1,064/mo in rent and, after a $587/mo payment, leaves $334/mo in cash flow. Total monthly income is $1,064/mo, and annual cash flow is $4,009/yr on $39,747 invested. Return on cash invested sits at 30% in year one, and rental yield is 10.65% on a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 156.93% and total cumulative return in cash sums $62,376. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,064/mo property income rather than buyer’s personal income.
Manufactured
Built in 1997
2.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42330, Central City, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,988 (100%) |
| Owner Occupied HU | 2,487 (62.4%) |
| Renter Occupied HU | 1,072 (26.9%) |
| Vacant Housing Units | 429 (10.8%) |
| Median Home Value | $141,516 |
| Average Home Value | $184,295 |
Housing Distribution
Address Breakdown
Residential
3,680
Single Family
3,641
Multi-Family
39
Businesses
323
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Listed by: Kevin Wright • Wright Choice of Kentucky Realty & Auction
Mls Name: My State MLS
Mls ID: #11497316