3000 Carter DrMadisonvilleKY42431
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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 Madisonville at 3000 Carter Dr, Madisonville, KY, 42431 listed at $229,000 pairs $2,059/mo rent with a $1,121/mo payment to leave $665/mo cash flow. Total monthly income runs $2,059/mo, and annual cash flow reaches $7,981/yr on $75,914 cash to close. Return on cash invested measures 30.42% in year one, and rental yield registers 10.79% at a $229,000 basis. Equity gained on principal adds $1,478/yr, and annual property appreciation at 5% supports $63,268 by year five. Five-year ROI tracks 159.16% and total cumulative return in cash totals $120,821. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,059/mo property income relative to a $1,121/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42431, Madisonville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,228 (100%) |
| Owner Occupied HU | 7,228 (59.1%) |
| Renter Occupied HU | 3,606 (29.5%) |
| Vacant Housing Units | 1,394 (11.4%) |
| Median Home Value | $157,464 |
| Average Home Value | $194,479 |
Housing Distribution
Address Breakdown
Residential
11,582
Single Family
11,285
Multi-Family
297
Businesses
1,296
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Listed by: Brandon Ratliff • Coldwell Banker Complete Realty
Mls Name: MHCBOR
Mls ID: #117504