500 Timothy AveDanvilleKY40422
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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 Danville at 500 Timothy Ave, Danville, KY, 40422 uses $72,101 cash to close to unlock $3,238/yr annual cash flow and $270/mo monthly cash flow. Total monthly income runs $1,594/mo, and a $1,065/mo payment keeps the spread at $270/mo. Purchase price stands at $217,500, and rental yield measures 8.79% with $1,594/mo rent. Return on cash invested shows 24.4% in year one, and 5% annual appreciation builds toward $60,091 over five years. Five-year ROI reaches 126.8% and total cumulative return in cash records $91,422. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,594/mo property income covering a $1,065/mo payment rather than investor’s personal income.
Single Family
Built in 1969
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40422, Danville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,299 (100%) |
| Owner Occupied HU | 6,664 (59.0%) |
| Renter Occupied HU | 3,609 (31.9%) |
| Vacant Housing Units | 1,026 ( 9.1%) |
| Median Home Value | $227,402 |
| Average Home Value | $271,310 |
Housing Distribution
Address Breakdown
Residential
10,212
Single Family
9,841
Multi-Family
371
Businesses
952
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