516 Locust 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 516 Locust St, Hazard, KY, 41701 priced at $135,000 pairs $1,105/mo rent with $283/mo cash flow after a $661/mo payment. Total monthly income equals $1,105/mo, and annual cash flow comes to $3,397/yr on $44,753 invested. Return on cash invested is 27.5% in year one, and rental yield stands at 9.82% 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 143.54% and total cumulative return in cash reaches $64,237. For financing, Ziffy Mortgage’s DSCR program evaluates $1,105/mo property income against a $661/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
6,534 sqft 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: #124544
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.