412 Rain StHarlanKY40831
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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 Harlan at 412 Rain St, Harlan, KY, 40831 priced at $117,600 converts $902/mo rent into $186/mo cash flow after a $576/mo obligation. Total monthly income equals $902/mo, and annual cash flow totals $2,230/yr on $38,984 invested. Return on cash invested prints 25.63% in year one, and rental yield reads 9.2% against a $117,600 entry. Equity gained on principal adds $759/yr, while 5% annual appreciation compiles into $32,491 by year five. Five-year ROI reaches 133.4% and total cumulative return in cash sums $52,006. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $902/mo property income covering a $576/mo payment, not borrower’s personal income.
Single Family
Built in 1890
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40831, Harlan, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,708 (100%) |
| Owner Occupied HU | 1,417 (52.3%) |
| Renter Occupied HU | 967 (35.7%) |
| Vacant Housing Units | 324 (12.0%) |
| Median Home Value | $155,653 |
| Average Home Value | $177,576 |
Housing Distribution
Address Breakdown
Residential
2,021
Single Family
1,945
Multi-Family
76
Businesses
436
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Listed by: Phyllis Napier • Forever Home
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25004643
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.