500 Idaho StCorbinKY40701
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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 Corbin at 500 Idaho St, Corbin, KY, 40701 offers a 8.93% rental yield on a $225,000 purchase with $1,675/mo rent. Total monthly income registers $1,675/mo, and a $1,101/mo payment leaves $306/mo available for distribution. Annual cash flow reaches $3,670/yr on $74,588 to close, and return on cash invested stands at 24.83% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 129.09% and total cumulative return in cash at $96,285. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,675/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
1.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40701, Corbin, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,997 (100%) |
| Owner Occupied HU | 8,328 (59.5%) |
| Renter Occupied HU | 4,261 (30.4%) |
| Vacant Housing Units | 1,408 (10.1%) |
| Median Home Value | $166,864 |
| Average Home Value | $190,581 |
Housing Distribution
Address Breakdown
Residential
13,527
Single Family
13,075
Multi-Family
452
Businesses
925
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Listed by: Gloria Scott • WEICHERT REALTORS - Ford Brothers
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25016854
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.