3362 State Route 689 EFlatgapKY41219
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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
Investment property for sale in Flatgap at 3362 State Route 689 E, Flatgap, KY, 41219 uses $89,174 cash to close to unlock $2,969/yr annual cash flow and $247/mo monthly cash flow. Total monthly income runs $1,885/mo, and a $1,317/mo payment keeps the spread at $247/mo. Purchase price stands at $269,000, and rental yield measures 8.41% with $1,885/mo rent. Return on cash invested shows 23.24% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 120.59% and total cumulative return in cash records $107,531. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,885/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Single Family
Built in 2001
19.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41219, Flatgap, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 882 (100%) |
| Owner Occupied HU | 643 (72.9%) |
| Renter Occupied HU | 132 (15.0%) |
| Vacant Housing Units | 107 (12.1%) |
| Median Home Value | $118,339 |
| Average Home Value | $136,198 |
Housing Distribution
Address Breakdown
Residential
837
Single Family
837
Multi-Family
0
Businesses
9
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Listed by: Teresa Preston • Redd, Brown & Williams Real Estate Services(Paint)
Mls Name: Eastern Kentucky AOR
Mls Provider:
Mls ID: #123815
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.