348 Main StCentertownKY42328
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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 Centertown at 348 Main St, Centertown, KY, 42328 uses $54,664 cash to close to unlock $8,322/yr annual cash flow and $693/mo monthly cash flow. Total monthly income runs $1,697/mo, and a $807/mo payment keeps the spread at $693/mo. Purchase price stands at $164,900, and rental yield measures 12.35% with $1,697/mo rent. Return on cash invested shows 35.13% in year one, and 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 184.36% and total cumulative return in cash records $100,780. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,697/mo property income covering a $807/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42328, Centertown, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 617 (100%) |
| Owner Occupied HU | 436 (70.7%) |
| Renter Occupied HU | 106 (17.2%) |
| Vacant Housing Units | 75 (12.2%) |
| Median Home Value | $101,220 |
| Average Home Value | $157,724 |
Housing Distribution
Address Breakdown
Residential
481
Single Family
481
Multi-Family
0
Businesses
13
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Listed by: Collin Hargus • Five Star Realty
Mls Name: My State MLS
Mls ID: #11413263