388 E Noel DrCadizKY42211
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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 Cadiz at 388 E Noel Dr, Cadiz, KY, 42211 with 5% annual appreciation on a $365,000 basis while $3,100/mo rent supports operations. Total monthly income totals $3,100/mo and a $1,786/mo payment preserves $879/mo for cash returns. Annual cash flow comes to $10,548/yr on $120,998 deployed, and return on cash invested reaches 28.63% in year one. Equity gained on principal adds $2,355/yr, and five-year appreciation sums $100,843 alongside rental yield of 10.19%. Five-year ROI measures 149.48% and total cumulative return in cash totals $180,871.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,100/mo property income versus a $1,786/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Home Type Unknown
Built in 1970
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42211, Cadiz, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,329 (100%) |
| Owner Occupied HU | 4,464 (60.9%) |
| Renter Occupied HU | 1,113 (15.2%) |
| Vacant Housing Units | 1,752 (23.9%) |
| Median Home Value | $216,968 |
| Average Home Value | $270,742 |
Housing Distribution
Address Breakdown
Residential
5,796
Single Family
5,760
Multi-Family
36
Businesses
358
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