509 S Seminary StPrincetonKY42445
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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
Rental property for sale in Princeton at 509 S Seminary St, Princeton, KY, 42445 priced at $117,500 converts $1,158/mo rent into $443/mo cash flow after a $575/mo obligation. Total monthly income equals $1,158/mo, and annual cash flow totals $5,316/yr on $38,951 invested. Return on cash invested prints 33.56% in year one, and rental yield reads 11.83% against a $117,500 entry. Equity gained on principal adds $758/yr, while 5% annual appreciation compiles into $32,463 by year five. Five-year ROI reaches 175.89% and total cumulative return in cash sums $68,510. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,158/mo property income covering a $575/mo payment, not borrower’s personal income.
Single Family
Built in N/A
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42445, Princeton, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,287 (100%) |
| Owner Occupied HU | 3,373 (63.8%) |
| Renter Occupied HU | 1,243 (23.5%) |
| Vacant Housing Units | 671 (12.7%) |
| Median Home Value | $128,871 |
| Average Home Value | $177,973 |
Housing Distribution
Address Breakdown
Residential
4,812
Single Family
4,733
Multi-Family
79
Businesses
409
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