347 Lafayette StCadizKY42211
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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
Rental property for sale in Cadiz at 347 Lafayette St, Cadiz, KY, 42211 offers $2,302/mo rent that, after a $1,077/mo payment, leaves $963/mo cash flow. Total monthly income is $2,302/mo, and annual cash flow is $11,554/yr on $72,930 cash. Return on cash invested measures 35.75% in year one, and rental yield stands at 12.56% at a $220,000 entry. Equity gained on principal adds $1,420/yr while 5% annual appreciation compounds into $60,782 by year five. Five-year ROI records 187.67% and total cumulative return in cash reaches $136,871. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,302/mo property income versus a $1,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42211, Cadiz, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,329 (100%) |
| Owner Occupied HU | 4,464 (60.9%) |
| Renter Occupied HU | 1,113 (15.2%) |
| Vacant Housing Units | 1,752 (23.9%) |
| Median Home Value | $216,968 |
| Average Home Value | $270,742 |
Housing Distribution
Address Breakdown
Residential
5,796
Single Family
5,760
Multi-Family
36
Businesses
358
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