3359 Wells RdNortonvilleKY42442
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 3359 Wells Rd, Nortonville, KY, 42442 in Nortonville is straightforward: $425,000 in, $2,936/mo in rent, $350/mo out after debt service. The 8.29% gross yield and 1.54 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $117,420 by year five. With $3,914/yr in principal equity, the total cumulative return is projected at $183,467.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 8.0% |
| Monthly Cash Flow | $350 | $350 |
City averages based on Nortonville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,936 |
| Total Monthly Debt Service | $2,418 |
| 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.
Single Family
Built in 2023
1.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42442, Nortonville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,254 (100%) |
| Owner Occupied HU | 859 (68.5%) |
| Renter Occupied HU | 280 (22.3%) |
| Vacant Housing Units | 115 ( 9.2%) |
| Median Home Value | $129,276 |
| Average Home Value | $126,304 |
Housing Distribution
Address Breakdown
Residential
1,135
Single Family
1,135
Multi-Family
0
Businesses
57
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
Single Family
Built in 2023
1.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42442, Nortonville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,254 (100%) |
| Owner Occupied HU | 859 (68.5%) |
| Renter Occupied HU | 280 (22.3%) |
| Vacant Housing Units | 115 ( 9.2%) |
| Median Home Value | $129,276 |
| Average Home Value | $126,304 |
Housing Distribution
Address Breakdown
Residential
1,135
Single Family
1,135
Multi-Family
0
Businesses
57
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MHCBOR
Mls ID: #117509