357 Chestnut StLa CenterKY42056
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis La Center rental at 357 Chestnut St, La Center, KY, 42056 sits in the solid-income band: 11.18% gross yield, $1,118/mo rent, $388/mo net after the $540/mo debt service, DSCR 2.07. Entry price of $120,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $33,154 and $1,105/yr in principal reduction bring total cumulative return to $70,377.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 6.2% |
| Monthly Cash Flow | $388 | $250 |
City averages based on La Center market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,118 |
| Total Monthly Debt Service | $683 |
| DSCR Ratio | 1.64x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42056, La Center, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 837 (100%) |
| Owner Occupied HU | 547 (65.4%) |
| Renter Occupied HU | 186 (22.2%) |
| Vacant Housing Units | 104 (12.4%) |
| Median Home Value | $101,630 |
| Average Home Value | $222,463 |
Housing Distribution
Address Breakdown
Residential
551
Single Family
551
Multi-Family
0
Businesses
77
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
Single Family
Built in N/A
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42056, La Center, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 837 (100%) |
| Owner Occupied HU | 547 (65.4%) |
| Renter Occupied HU | 186 (22.2%) |
| Vacant Housing Units | 104 (12.4%) |
| Median Home Value | $101,630 |
| Average Home Value | $222,463 |
Housing Distribution
Address Breakdown
Residential
551
Single Family
551
Multi-Family
0
Businesses
77
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah Farris • Arnold Realty Group
Mls Name: WKRMLS
Mls ID: #131559
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.