51 Cummings StMartinKY41649
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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 Martin at 51 Cummings St, Martin, KY, 41649 uses $41,272 cash to close to unlock $2,504/yr annual cash flow and $209/mo monthly cash flow. Total monthly income runs $966/mo, and a $609/mo payment keeps the spread at $209/mo. Purchase price stands at $124,500, and rental yield measures 9.31% with $966/mo rent. Return on cash invested shows 25.98% in year one, and 5% annual appreciation builds toward $34,397 over five years. Five-year ROI reaches 135.3% and total cumulative return in cash records $55,840. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $966/mo property income covering a $609/mo payment rather than investor’s personal income.
Single Family
Built in 1930
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41649, Martin, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,166 (100%) |
| Owner Occupied HU | 658 (56.4%) |
| Renter Occupied HU | 334 (28.6%) |
| Vacant Housing Units | 174 (14.9%) |
| Median Home Value | $95,000 |
| Average Home Value | $146,843 |
Housing Distribution
Address Breakdown
Residential
930
Single Family
930
Multi-Family
0
Businesses
76
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