429 Hardwick RdWhite PlainsKY42464
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 429 Hardwick Rd, White Plains, KY, 42464 in White Plains. Priced at $209,900, it generates $1,932/mo in gross rent and $655/mo in net monthly cash flow, a 11.05% yield that comfortably supports the 2.05 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $7,854. Five-year appreciation: $57,992. Equity from principal paydown: $1,933/yr. Total projected cumulative return: $121,618.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 6.0% |
| Monthly Cash Flow | $655 | $200 |
City averages based on White Plains market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,932 |
| Total Monthly Debt Service | $1,194 |
| DSCR Ratio | 1.62x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2019
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42464, White Plains, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 778 (100%) |
| Owner Occupied HU | 606 (77.9%) |
| Renter Occupied HU | 101 (13.0%) |
| Vacant Housing Units | 71 ( 9.1%) |
| Median Home Value | $123,387 |
| Average Home Value | $151,366 |
Housing Distribution
Address Breakdown
Residential
714
Single Family
714
Multi-Family
0
Businesses
13
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
Single Family
Built in 2019
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42464, White Plains, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 778 (100%) |
| Owner Occupied HU | 606 (77.9%) |
| Renter Occupied HU | 101 (13.0%) |
| Vacant Housing Units | 71 ( 9.1%) |
| Median Home Value | $123,387 |
| Average Home Value | $151,366 |
Housing Distribution
Address Breakdown
Residential
714
Single Family
714
Multi-Family
0
Businesses
13
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maggie Sheets • Heritage Homes Real Estate
Mls Name: MHCBOR
Mls ID: #116620
Disclaimer: Copyright Madisonville-Hopkins County Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.