3820 State Highway 689 EFlatgapKY41219
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 3820 State Highway 689 E, Flatgap, KY, 41219 in Flatgap. Rental yield 4.3%. At $600,000 with 4.3% gross yield, current distributions are modest, but the 5% appreciation rate projects $165,769 in new equity by year five, complemented by $5,526/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.80) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $130,592.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.3% | 8.5% |
| Monthly Cash Flow | $(1,501) | $150 |
City averages based on Flatgap market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,150 |
| Total Monthly Debt Service | $3,413 |
| DSCR Ratio | 0.63x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1978
79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41219, Flatgap, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 882 (100%) |
| Owner Occupied HU | 643 (72.9%) |
| Renter Occupied HU | 132 (15.0%) |
| Vacant Housing Units | 107 (12.1%) |
| Median Home Value | $118,339 |
| Average Home Value | $136,198 |
Housing Distribution
Address Breakdown
Residential
837
Single Family
837
Multi-Family
0
Businesses
9
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 1978
79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41219, Flatgap, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 882 (100%) |
| Owner Occupied HU | 643 (72.9%) |
| Renter Occupied HU | 132 (15.0%) |
| Vacant Housing Units | 107 (12.1%) |
| Median Home Value | $118,339 |
| Average Home Value | $136,198 |
Housing Distribution
Address Breakdown
Residential
837
Single Family
837
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices