509 Spring StHazardKY41701
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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 Hazard at 509 Spring St, Hazard, KY, 41701 generates $2,590/mo in rent and, after a $1,028/mo payment, leaves $1,312/mo in cash flow. Total monthly income is $2,590/mo, and annual cash flow is $15,741/yr on $69,615 invested. Return on cash invested sits at 42.52% in year one, and rental yield is 14.8% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 223.97% and total cumulative return in cash sums $155,920. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,590/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41701, Hazard, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,242 (100%) |
| Owner Occupied HU | 4,247 (58.6%) |
| Renter Occupied HU | 2,109 (29.1%) |
| Vacant Housing Units | 886 (12.2%) |
| Median Home Value | $114,824 |
| Average Home Value | $166,979 |
Housing Distribution
Address Breakdown
Residential
6,084
Single Family
5,930
Multi-Family
154
Businesses
627
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Listed by: Michelle Jones • Re/Max Legacy Group-Hazard
Mls Name: Eastern Kentucky AOR
Mls Provider:
Mls ID: #122079
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.