310 E Spalding StMorganfieldKY42437
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 Morganfield at 310 E Spalding St, Morganfield, KY, 42437 at $249,900 posts ROI 22.74% with $195/mo cash flow from $1,716/mo rent. Total monthly income equals $1,716/mo, and annual cash flow records $2,342/yr on $82,842 to close. Return on cash invested measures 22.74% and rental yield reads 8.24% at the current $249,900. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 by year five. Five-year ROI prints 117.91% and total cumulative return in cash totals $97,682.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,716/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42437, Morganfield, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,947 (100%) |
| Owner Occupied HU | 1,888 (64.1%) |
| Renter Occupied HU | 759 (25.8%) |
| Vacant Housing Units | 300 (10.2%) |
| Median Home Value | $175,467 |
| Average Home Value | $226,973 |
Housing Distribution
Address Breakdown
Residential
2,882
Single Family
2,865
Multi-Family
17
Businesses
302
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Listed by: Whitney Herron • HERRON AUCTION & REALTY
Mls Name: HAMLS
Mls ID: #250486