3302-3304 Springhaven StCatlettsburgKY41129
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.27% yield at 3302-3304 Springhaven St, Catlettsburg, KY, 41129 in Catlettsburg is solid, but the $674/mo payment compresses net cash flow to $121/mo at $149,900. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $41,415 by year five, and $1,381/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.53) without U.S. income documentation. Total projected return: $64,571.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.2% |
| Monthly Cash Flow | $121 | $600 |
City averages based on Catlettsburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,033 |
| Total Monthly Debt Service | $853 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in N/A
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41129, Catlettsburg, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,176 (100%) |
| Owner Occupied HU | 2,953 (70.7%) |
| Renter Occupied HU | 722 (17.3%) |
| Vacant Housing Units | 501 (12.0%) |
| Median Home Value | $178,027 |
| Average Home Value | $224,248 |
Housing Distribution
Address Breakdown
Residential
3,831
Single Family
3,731
Multi-Family
100
Businesses
224
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
Multi Family
Built in N/A
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41129, Catlettsburg, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,176 (100%) |
| Owner Occupied HU | 2,953 (70.7%) |
| Renter Occupied HU | 722 (17.3%) |
| Vacant Housing Units | 501 (12.0%) |
| Median Home Value | $178,027 |
| Average Home Value | $224,248 |
Housing Distribution
Address Breakdown
Residential
3,831
Single Family
3,731
Multi-Family
100
Businesses
224
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: AABR
Mls ID: #59968