505 Chestnut StEddyvilleKY42038
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 505 Chestnut St, Eddyville, KY, 42038 in Eddyville: $1,550/mo in rent, $683/mo net, 13.06% gross yield, all on a $142,500 acquisition. The 2.42 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $39,370 in value, and $1,312/yr in principal paydown steadily builds equity. Projected total cumulative return: $97,937.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.1% | 6.0% |
| Monthly Cash Flow | $683 | $550 |
City averages based on Eddyville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,550 |
| Total Monthly Debt Service | $811 |
| DSCR Ratio | 1.91x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1982
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42038, Eddyville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,973 (100%) |
| Owner Occupied HU | 1,601 (53.9%) |
| Renter Occupied HU | 460 (15.5%) |
| Vacant Housing Units | 912 (30.7%) |
| Median Home Value | $255,702 |
| Average Home Value | $304,586 |
Housing Distribution
Address Breakdown
Residential
2,391
Single Family
2,391
Multi-Family
0
Businesses
225
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1982
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42038, Eddyville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,973 (100%) |
| Owner Occupied HU | 1,601 (53.9%) |
| Renter Occupied HU | 460 (15.5%) |
| Vacant Housing Units | 912 (30.7%) |
| Median Home Value | $255,702 |
| Average Home Value | $304,586 |
Housing Distribution
Address Breakdown
Residential
2,391
Single Family
2,391
Multi-Family
0
Businesses
225
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sandy Kaminskas Bingham • Elite Realty
Mls Name: WKRMLS
Mls ID: #131626
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.