3303 Southgate DrHopkinsvilleKY42240
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 Hopkinsville at 3303 Southgate Dr, Hopkinsville, KY, 42240 offers a 9.43% rental yield on a $197,500 purchase with $1,552/mo rent. Total monthly income registers $1,552/mo, and a $967/mo payment leaves $350/mo available for distribution. Annual cash flow reaches $4,196/yr on $65,471 to close, and return on cash invested stands at 26.32% in year one. Equity gained on principal adds $1,274/yr while 5% annual appreciation supports $54,566 over five years. Portfolio math shows five-year ROI at 137.1% and total cumulative return in cash at $89,763. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,552/mo property income against a $967/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42240, Hopkinsville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,682 (100%) |
| Owner Occupied HU | 9,655 (51.7%) |
| Renter Occupied HU | 7,168 (38.4%) |
| Vacant Housing Units | 1,859 ( 10.0%) |
| Median Home Value | $202,774 |
| Average Home Value | $222,301 |
Housing Distribution
Address Breakdown
Residential
18,199
Single Family
17,595
Multi-Family
604
Businesses
1,274
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rita Chapman • PAYNE REAL ESTATE GROUP
Mls Name: HCTCBOR
Mls Provider:
Mls ID: #41942
Disclaimer: Copyright Hopkinsville Christian & Todd Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.