305 Simpkins LnMayfieldKY42066
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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 Mayfield at 305 Simpkins Ln, Mayfield, KY, 42066 with 5% annual appreciation on a $785,000 basis while $2,264/mo rent supports operations. 38% in year one. Equity gained on principal adds $5,065/yr, and five-year appreciation sums $216,881 alongside rental yield of 3.46%. Five-year ROI measures 40.86% and total cumulative return in cash totals $105,518. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,264/mo property income versus a $3,842/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1840
17.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42066, Mayfield, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,333 (100%) |
| Owner Occupied HU | 6,369 (61.6%) |
| Renter Occupied HU | 2,866 (27.7%) |
| Vacant Housing Units | 1,098 (10.6%) |
| Median Home Value | $154,990 |
| Average Home Value | $192,095 |
Housing Distribution
Address Breakdown
Residential
9,666
Single Family
9,609
Multi-Family
57
Businesses
783
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