389 3rd StGuthrieKY42234
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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 Guthrie at 389 3rd St, Guthrie, KY, 42234 offers a 11.95% rental yield on a $200,000 purchase with $1,992/mo rent. Total monthly income registers $1,992/mo, and a $979/mo payment leaves $775/mo available for distribution. Annual cash flow reaches $9,296/yr on $66,300 to close, and return on cash invested stands at 33.93% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 177.93% and total cumulative return in cash at $117,968. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,992/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1934
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42234, Guthrie, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 990 (100%) |
| Owner Occupied HU | 547 (55.3%) |
| Renter Occupied HU | 335 (33.8%) |
| Vacant Housing Units | 108 (10.9%) |
| Median Home Value | $150,284 |
| Average Home Value | $181,755 |
Housing Distribution
Address Breakdown
Residential
696
Single Family
696
Multi-Family
0
Businesses
83
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Listed by: Jennifer Smotherman • Haley Auctions and Realty
Mls Name: RASK
Mls Provider:
Mls ID: #RA20252775
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.