3515 Mitchellsburg Knob RdParksvilleKY40464
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
Investment Highlights
Investment property for sale in Parksville at 3515 Mitchellsburg Knob Rd, Parksville, KY, 40464 offers a 8.6% rental yield on a $485,000 purchase with $3,474/mo rent. Total monthly income registers $3,474/mo, and a $2,374/mo payment leaves $522/mo available for distribution. Annual cash flow reaches $6,264/yr on $160,778 to close, and return on cash invested stands at 23.81% in year one. Equity gained on principal adds $3,130/yr while 5% annual appreciation supports $133,997 over five years. Portfolio math shows five-year ROI at 123.62% and total cumulative return in cash at $198,758. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,474/mo property income against a $2,374/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
2.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40464, Parksville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 547 (100%) |
| Owner Occupied HU | 429 (78.4%) |
| Renter Occupied HU | 76 (13.9%) |
| Vacant Housing Units | 42 ( 7.7%) |
| Median Home Value | $211,161 |
| Average Home Value | $265,408 |
Housing Distribution
Address Breakdown
Residential
436
Single Family
436
Multi-Family
0
Businesses
8
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Madalynn Davis • The Brokerage
Mls Name: Imagine MLS
Mls ID: #26001092