407 Reed StMayfieldKY42066
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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 Mayfield at 407 Reed St, Mayfield, KY, 42066 with 5% annual appreciation on a $149,900 basis while $1,692/mo rent supports operations. Total monthly income totals $1,692/mo and a $734/mo payment preserves $779/mo for cash returns. Annual cash flow comes to $9,352/yr on $49,692 deployed, and return on cash invested reaches 38.73% in year one. Equity gained on principal adds $967/yr, and five-year appreciation sums $41,415 alongside rental yield of 13.55%. Five-year ROI measures 203.72% and total cumulative return in cash totals $101,231.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,692/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1963
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42066, Mayfield, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,333 (100%) |
| Owner Occupied HU | 6,369 (61.6%) |
| Renter Occupied HU | 2,866 (27.7%) |
| Vacant Housing Units | 1,098 (10.6%) |
| Median Home Value | $154,990 |
| Average Home Value | $192,095 |
Housing Distribution
Address Breakdown
Residential
9,666
Single Family
9,609
Multi-Family
57
Businesses
783
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Listed by: Mary Andrews • Acree & Associates
Mls Name: WKRMLS
Mls ID: #129032
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.