330 Cornett DrWatts CreekKY40873
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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
Rental property for sale in Watts Creek at 330 Cornett Dr, Watts Creek, KY, 40873 priced at $400,000 converts $2,110/mo rent into after a $1,958/mo obligation. Total monthly income equals $2,110/mo. Return on cash invested prints 16.97% in year one, and rental yield reads 6.33% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 86.96% and total cumulative return in cash sums $115,312. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,110/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 1982
3.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40873, Wallins Creek, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,219 (100%) |
| Owner Occupied HU | 842 (69.1%) |
| Renter Occupied HU | 215 (17.6%) |
| Vacant Housing Units | 162 (13.3%) |
| Median Home Value | $78,438 |
| Average Home Value | $123,510 |
Housing Distribution
Address Breakdown
Residential
487
Single Family
487
Multi-Family
0
Businesses
14
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Listed by: Susan Colwell • Colwell Realty Professionals, Inc.
Mls Name: Imagine MLS
Mls ID: #25018578