350 S Caroline StMadisonvilleKY42431
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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 Madisonville at 350 S Caroline St, Madisonville, KY, 42431 offers a 9.03% rental yield on a $140,000 purchase with $1,054/mo rent. Total monthly income registers $1,054/mo, and a $685/mo payment leaves $202/mo available for distribution. Annual cash flow reaches $2,426/yr on $46,410 to close, and return on cash invested stands at 25.14% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 130.83% and total cumulative return in cash at $60,718. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,054/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42431, Madisonville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,228 (100%) |
| Owner Occupied HU | 7,228 (59.1%) |
| Renter Occupied HU | 3,606 (29.5%) |
| Vacant Housing Units | 1,394 (11.4%) |
| Median Home Value | $157,464 |
| Average Home Value | $194,479 |
Housing Distribution
Address Breakdown
Residential
11,582
Single Family
11,285
Multi-Family
297
Businesses
1,296
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Listed by: Bonita Thorp • My Ky Homes Realty
Mls Name: MHCBOR
Mls ID: #117535