304 Wallace AveLeitchfieldKY42754
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Leitchfield at 304 Wallace Ave, Leitchfield, KY, 42754 earns $168/mo cash flow from $1,750/mo rent with a $1,272/mo payment. Total monthly income totals $1,750/mo, and annual cash flow totals $2,019/yr on $86,157 capital. ROI tracks 22.25% on current figures, and rental yield reads 8.08% at a $259,900 purchase. Equity gained on principal adds $1,677/yr, and 5% annual appreciation supports $71,806 over five years. Five-year ROI reaches 115.31% and total cumulative return in cash sums $99,346. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,750/mo property income instead of your personal income.
Single Family
Built in 1977
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42754, Leitchfield, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,578 (100%) |
| Owner Occupied HU | 4,560 (60.2%) |
| Renter Occupied HU | 1,838 (24.3%) |
| Vacant Housing Units | 1,180 (15.6%) |
| Median Home Value | $200,527 |
| Average Home Value | $235,996 |
Housing Distribution
Address Breakdown
Residential
7,047
Single Family
7,047
Multi-Family
0
Businesses
465
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Susan Higdon • FHRA, Inc.
Mls Name: GLARMLS
Mls ID: #1694918