508 8th StHendersonKY42420
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow508 8th St, Henderson, KY, 42420 in Henderson is a top-tier cash-flow asset. At $143,950 it produces $1,961/mo in rent and $1,085/mo in net monthly income, a 16.35% gross rental yield. The DSCR of 3.03 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $13,016. Five-year appreciation adds $39,771, driving a total cumulative return of $124,381.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.4% | 6.2% |
| Monthly Cash Flow | $1,085 | $350 |
City averages based on Henderson market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,961 |
| Total Monthly Debt Service | $819 |
| DSCR Ratio | 2.39x |
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 1915
4,510 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42420, Henderson, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,891 (100%) |
| Owner Occupied HU | 9,402 (55.7%) |
| Renter Occupied HU | 6,001 (35.5%) |
| Vacant Housing Units | 1,488 ( 8.8%) |
| Median Home Value | $184,333 |
| Average Home Value | $221,084 |
Housing Distribution
Address Breakdown
Residential
16,406
Single Family
14,677
Multi-Family
1,729
Businesses
1,037
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 1915
4,510 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42420, Henderson, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,891 (100%) |
| Owner Occupied HU | 9,402 (55.7%) |
| Renter Occupied HU | 6,001 (35.5%) |
| Vacant Housing Units | 1,488 ( 8.8%) |
| Median Home Value | $184,333 |
| Average Home Value | $221,084 |
Housing Distribution
Address Breakdown
Residential
16,406
Single Family
14,677
Multi-Family
1,729
Businesses
1,037
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melinda Luntsford • ERA FIRST ADVANTAGE
Mls Name: HAMLS
Mls Provider:
Mls ID: #250360
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.