357 Clear Creek RdHazardKY41701
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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 Hazard at 357 Clear Creek Rd, Hazard, KY, 41701 uses $91,163 cash to close to unlock $4,059/yr annual cash flow and $338/mo monthly cash flow. Total monthly income runs $2,012/mo, and a $1,346/mo payment keeps the spread at $338/mo. Purchase price stands at $275,000, and rental yield measures 8.78% with $2,012/mo rent. Return on cash invested shows 24.36% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 126.62% and total cumulative return in cash records $115,427. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,012/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1962
13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41701, Hazard, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,242 (100%) |
| Owner Occupied HU | 4,247 (58.6%) |
| Renter Occupied HU | 2,109 (29.1%) |
| Vacant Housing Units | 886 (12.2%) |
| Median Home Value | $114,824 |
| Average Home Value | $166,979 |
Housing Distribution
Address Breakdown
Residential
6,084
Single Family
5,930
Multi-Family
154
Businesses
627
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