5069 N State Highway 11CannonKY40923
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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 Cannon at 5069 N State Highway 11, Cannon, KY, 40923 offers a 9.09% rental yield on a $134,900 purchase with $1,022/mo rent. Total monthly income registers $1,022/mo, and a $660/mo payment leaves $201/mo available for distribution. Annual cash flow reaches $2,415/yr on $44,719 to close, and return on cash invested stands at 25.31% in year one. Equity gained on principal adds $870/yr while 5% annual appreciation supports $37,270 over five years. Portfolio math shows five-year ROI at 131.77% and total cumulative return in cash at $58,925. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,022/mo property income against a $660/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40923, Cannon, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 390 (100%) |
| Owner Occupied HU | 281 (72.1%) |
| Renter Occupied HU | 82 (21.0%) |
| Vacant Housing Units | 27 ( 6.9%) |
| Median Home Value | $124,038 |
| Average Home Value | $159,858 |
Housing Distribution
Address Breakdown
Residential
247
Single Family
247
Multi-Family
0
Businesses
1
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Listed by: James Martin • Century 21 Pinnacle
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25011165
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.