501 Richmond DrMadisonvilleKY42431
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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 Madisonville at 501 Richmond Dr, Madisonville, KY, 42431 at $180,000 posts ROI 38.76% with $938/mo cash flow from $2,033/mo rent. Total monthly income equals $2,033/mo, and annual cash flow records $11,250/yr on $59,670 to close. Return on cash invested measures 38.76% and rental yield reads 13.55% at the current $180,000. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 by year five. Five-year ROI prints 203.85% and total cumulative return in cash totals $121,637.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,033/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1962
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42431, Madisonville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,228 (100%) |
| Owner Occupied HU | 7,228 (59.1%) |
| Renter Occupied HU | 3,606 (29.5%) |
| Vacant Housing Units | 1,394 (11.4%) |
| Median Home Value | $157,464 |
| Average Home Value | $194,479 |
Housing Distribution
Address Breakdown
Residential
11,582
Single Family
11,285
Multi-Family
297
Businesses
1,296
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Listed by: Sara Spencer • Haven Realty, LLC
Mls Name: MHCBOR
Mls ID: #116934
Disclaimer: Copyright Madisonville-Hopkins County Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.