306 State Garage RdWhitley CityKY42653
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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 Whitley City at 306 State Garage Rd, Whitley City, KY, 42653 earns $1,190/mo cash flow from $1,920/mo rent with a $587/mo payment. Total monthly income totals $1,920/mo, and annual cash flow totals $14,280/yr on $39,780 capital. ROI tracks 55.81% on current figures, and rental yield reads 19.2% at a $120,000 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 over five years. Five-year ROI reaches 295.19% and total cumulative return in cash sums $117,427. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,920/mo property income instead of your personal income.
Single Family
Built in 1972
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42653, Whitley City, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,040 (100%) |
| Owner Occupied HU | 1,212 (59.4%) |
| Renter Occupied HU | 562 (27.5%) |
| Vacant Housing Units | 266 (13.0%) |
| Median Home Value | $105,423 |
| Average Home Value | $130,584 |
Housing Distribution
Address Breakdown
Residential
1,357
Single Family
1,357
Multi-Family
0
Businesses
169
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Listed by: Dustin Winchester • Weichert Realtors Ford Brothers, Inc.
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24021707
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.