48 Ceramic DrNippaKY41240
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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
Investment property for sale in Nippa at 48 Ceramic Dr, Nippa, KY, 41240 uses $82,875 cash to close to unlock $2,089/yr annual cash flow and $174/mo monthly cash flow. Total monthly income runs $1,696/mo, and a $1,224/mo payment keeps the spread at $174/mo. Purchase price stands at $249,999, and rental yield measures 8.14% with $1,696/mo rent. Return on cash invested shows 22.43% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 116.27% and total cumulative return in cash records $96,358. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,696/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1965
7 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41240, Paintsville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,134 (100%) |
| Owner Occupied HU | 1,617 (51.6%) |
| Renter Occupied HU | 1,096 (35.0%) |
| Vacant Housing Units | 421 (13.4%) |
| Median Home Value | $183,031 |
| Average Home Value | $234,641 |
Housing Distribution
Address Breakdown
Residential
2,802
Single Family
2,633
Multi-Family
169
Businesses
473
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