408 Cedar StCentral CityKY42330
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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
Rental property for sale in Central City at 408 Cedar St, Central City, KY, 42330 priced at $120,000 converts $1,122/mo rent into $392/mo cash flow after a $587/mo obligation. Total monthly income equals $1,122/mo, and annual cash flow totals $4,704/yr on $39,780 invested. Return on cash invested prints 31.73% in year one, and rental yield reads 11.22% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 166.11% and total cumulative return in cash sums $66,079. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,122/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.31 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: Jerry A Mathis • Coldwell Banker Legacy Group
Mls Name: RASK
Mls Provider:
Mls ID: #RA20251662
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.