509 E Morehead StCentral CityKY42330
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
Investment Highlights
Rental property for sale in Central City at 509 E Morehead St, Central City, KY, 42330 priced at $135,000 pairs $1,014/mo rent with $192/mo cash flow after a $661/mo payment. Total monthly income equals $1,014/mo, and annual cash flow comes to $2,305/yr on $44,753 invested. Return on cash invested is 25.06% in year one, and rental yield stands at 9.01% on a $135,000 basis. Equity gained on principal adds $871/yr, and 5% annual appreciation accumulates to $37,298 by year five. Five-year ROI measures 130.43% and total cumulative return in cash reaches $58,369. For financing, Ziffy Mortgage’s DSCR program evaluates $1,014/mo property income against a $661/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1988
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42330, Central City, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,988 (100%) |
| Owner Occupied HU | 2,487 (62.4%) |
| Renter Occupied HU | 1,072 (26.9%) |
| Vacant Housing Units | 429 (10.8%) |
| Median Home Value | $141,516 |
| Average Home Value | $184,295 |
Housing Distribution
Address Breakdown
Residential
3,680
Single Family
3,641
Multi-Family
39
Businesses
323
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Listed by: Taylor Cisney • Five Star Realty
Mls Name: My State MLS
Mls ID: #11484955