402 E Locust StPrincetonKY42445
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
Investment Highlights
Investment property for sale in Princeton at 402 E Locust St, Princeton, KY, 42445 at $105,000 posts ROI 26.97% with $205/mo cash flow from $844/mo rent. Total monthly income equals $844/mo, and annual cash flow records $2,458/yr on $34,808 to close. Return on cash invested measures 26.97% and rental yield reads 9.65% at the current $105,000. Equity gained on principal adds $678/yr, and 5% annual appreciation supports $29,010 by year five. Five-year ROI prints 140.63% and total cumulative return in cash totals $48,950.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $844/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42445, Princeton, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,287 (100%) |
| Owner Occupied HU | 3,373 (63.8%) |
| Renter Occupied HU | 1,243 (23.5%) |
| Vacant Housing Units | 671 (12.7%) |
| Median Home Value | $128,871 |
| Average Home Value | $177,973 |
Housing Distribution
Address Breakdown
Residential
4,812
Single Family
4,733
Multi-Family
79
Businesses
409
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