498 Paddle LnNew ConcordKY42076
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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
Total monthly income runs $1,280/mo, and a $1,444/mo payment. Purchase price stands at $295,000, and rental yield measures 5.21% with $1,280/mo rent. Return on cash invested shows 13.58% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 68.8% and total cumulative return in cash records $67,286. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,280/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42076, New Concord, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 867 (100%) |
| Owner Occupied HU | 442 (51.0%) |
| Renter Occupied HU | 72 ( 8.3%) |
| Vacant Housing Units | 353 (40.7%) |
| Median Home Value | $153,125 |
| Average Home Value | $251,052 |
Housing Distribution
Address Breakdown
Residential
688
Single Family
688
Multi-Family
0
Businesses
8
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Listed by: Sheila Robinson • The Jeter Group
Mls Name: WKRMLS
Mls ID: #135399