514 E Walnut StDanvilleKY40422
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 514 E Walnut St, Danville, KY, 40422 in Danville is narrow, $118/mo net on $1,739/mo rent after the $1,124/mo debt service, but the property operates at break-even-plus, not a loss. At $249,900 with a 8.35% yield, the long-run equity case via 5% appreciation ($69,043 over five years) and $2,302/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.55 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $102,713.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 8.1% |
| Monthly Cash Flow | $118 | $350 |
City averages based on Danville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,739 |
| Total Monthly Debt Service | $1,522 |
| DSCR Ratio | 1.14x |
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.
Townhouse
Built in 2000
3,049 sqft lot
$N/A/sqft
$100 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40422, Danville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,299 (100%) |
| Owner Occupied HU | 6,664 (59.0%) |
| Renter Occupied HU | 3,609 (31.9%) |
| Vacant Housing Units | 1,026 ( 9.1%) |
| Median Home Value | $227,402 |
| Average Home Value | $271,310 |
Housing Distribution
Address Breakdown
Residential
10,212
Single Family
9,841
Multi-Family
371
Businesses
952
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
Townhouse
Built in 2000
3,049 sqft lot
$N/A/sqft
$100 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40422, Danville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,299 (100%) |
| Owner Occupied HU | 6,664 (59.0%) |
| Renter Occupied HU | 3,609 (31.9%) |
| Vacant Housing Units | 1,026 ( 9.1%) |
| Median Home Value | $227,402 |
| Average Home Value | $271,310 |
Housing Distribution
Address Breakdown
Residential
10,212
Single Family
9,841
Multi-Family
371
Businesses
952
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Susan Hunstad • Coldwell Banker Vip Realty, Inc.
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25014487
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.