501 W Main StPrincetonKY42445
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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
Rental property for sale in Princeton at 501 W Main St, Princeton, KY, 42445 priced at $164,000 converts $1,255/mo rent into $257/mo cash flow after a $803/mo obligation. Total monthly income equals $1,255/mo, and annual cash flow totals $3,079/yr on $54,366 invested. Return on cash invested prints 25.57% in year one, and rental yield reads 9.18% against a $164,000 entry. Equity gained on principal adds $1,058/yr, while 5% annual appreciation compiles into $45,310 by year five. Five-year ROI reaches 133.09% and total cumulative return in cash sums $72,357. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,255/mo property income covering a $803/mo payment, not borrower’s personal income.
Single Family
Built in N/A
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42445, Princeton, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,287 (100%) |
| Owner Occupied HU | 3,373 (63.8%) |
| Renter Occupied HU | 1,243 (23.5%) |
| Vacant Housing Units | 671 (12.7%) |
| Median Home Value | $128,871 |
| Average Home Value | $177,973 |
Housing Distribution
Address Breakdown
Residential
4,812
Single Family
4,733
Multi-Family
79
Businesses
409
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