406 Walnut StCentral CityKY42330
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
Rental property for sale in Central City at 406 Walnut St, Central City, KY, 42330 offers $1,181/mo rent that, after a $734/mo payment, leaves $268/mo cash flow. Total monthly income is $1,181/mo, and annual cash flow is $3,219/yr on $49,725 cash. Return on cash invested measures 26.38% in year one, and rental yield stands at 9.45% at a $150,000 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 137.47% and total cumulative return in cash reaches $68,358. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,181/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42330, Central City, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,988 (100%) |
| Owner Occupied HU | 2,487 (62.4%) |
| Renter Occupied HU | 1,072 (26.9%) |
| Vacant Housing Units | 429 (10.8%) |
| Median Home Value | $141,516 |
| Average Home Value | $184,295 |
Housing Distribution
Address Breakdown
Residential
3,680
Single Family
3,641
Multi-Family
39
Businesses
323
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Listed by: Tonya Beadnell • Wright Choice of Kentucky Realty & Auction
Mls Name: My State MLS
Mls ID: #11460908