300 N 6th StDanvilleKY40422
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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 Danville at 300 N 6th St, Danville, KY, 40422 uses $41,769 cash to close to unlock $8,446/yr annual cash flow and $704/mo monthly cash flow. Total monthly income runs $1,471/mo, and a $617/mo payment keeps the spread at $704/mo. Purchase price stands at $126,000, and rental yield measures 14.01% with $1,471/mo rent. Return on cash invested shows 40.13% in year one, and 5% annual appreciation builds toward $34,811 over five years. Five-year ROI reaches 211.15% and total cumulative return in cash records $88,195. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,471/mo property income covering a $617/mo payment rather than investor’s personal income.
Single Family
Built in 1995
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40422, Danville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,299 (100%) |
| Owner Occupied HU | 6,664 (59.0%) |
| Renter Occupied HU | 3,609 (31.9%) |
| Vacant Housing Units | 1,026 ( 9.1%) |
| Median Home Value | $227,402 |
| Average Home Value | $271,310 |
Housing Distribution
Address Breakdown
Residential
10,212
Single Family
9,841
Multi-Family
371
Businesses
952
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Listed by: Tanner Good • Black Tie Real Estate Services, Inc.
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #22023802
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.