3 Gilliam StCorbinKY40701
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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 Corbin at 3 Gilliam St, Corbin, KY, 40701 uses $43,062 cash to close to unlock $4,238/yr annual cash flow and $353/mo monthly cash flow. Total monthly income runs $1,144/mo, and a $636/mo payment keeps the spread at $353/mo. Purchase price stands at $129,900, and rental yield measures 10.57% with $1,144/mo rent. Return on cash invested shows 29.75% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 155.57% and total cumulative return in cash records $66,991. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,144/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1950
5,227 sqft 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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Listed by: Rocio Gonzalez • Freeman Brothers Realty LLC
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24021799
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.