429 Hardwick RdWhite PlainsKY42464
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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 White Plains at 429 Hardwick Rd, White Plains, KY, 42464 generates $1,932/mo in rent and, after a $1,027/mo payment, leaves $655/mo in cash flow. Total monthly income is $1,932/mo, and annual cash flow is $7,858/yr on $69,582 invested. Return on cash invested sits at 31.2% in year one, and rental yield is 11.05% on a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 163.28% and total cumulative return in cash sums $113,612. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,932/mo property income rather than buyer’s personal income.
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
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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.