409 N 3rd 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
Investment property for sale in Central City at 409 N 3rd St, Central City, KY, 42330 uses $53,007 cash to close to unlock $4,445/yr annual cash flow and $370/mo monthly cash flow. Total monthly income runs $1,344/mo, and a $783/mo payment keeps the spread at $370/mo. Purchase price stands at $159,900, and rental yield measures 10.09% with $1,344/mo rent. Return on cash invested shows 28.3% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 147.73% and total cumulative return in cash records $78,306. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,344/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.30 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Taylor Cisney • Five Star Realty
Mls Name: My State MLS
Mls ID: #11539979