505 E 3rd StPerryvilleKY40468
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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 Perryville at 505 E 3rd St, Perryville, KY, 40468 uses $72,599 cash to close to unlock $3,564/yr annual cash flow and $297/mo monthly cash flow. Total monthly income runs $1,630/mo, and a $1,072/mo payment keeps the spread at $297/mo. Purchase price stands at $219,000, and rental yield measures 8.93% with $1,630/mo rent. Return on cash invested shows 24.82% in year one, and 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 129.09% and total cumulative return in cash records $93,717. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,630/mo property income covering a $1,072/mo payment rather than investor’s personal income.
Single Family
Built in 1966
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40468, Perryville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 793 (100%) |
| Owner Occupied HU | 589 (74.3%) |
| Renter Occupied HU | 142 (17.9%) |
| Vacant Housing Units | 62 ( 7.8%) |
| Median Home Value | $276,613 |
| Average Home Value | $300,717 |
Housing Distribution
Address Breakdown
Residential
790
Single Family
790
Multi-Family
0
Businesses
41
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Listed by: Lisa Graves • CENTURY 21 Advantage Realty
Mls Name: Imagine MLS
Mls ID: #25017020