523 S 3rd StMayfieldKY42066
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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 Mayfield at 523 S 3rd St, Mayfield, KY, 42066 uses $69,615 cash to close to unlock $5,877/yr annual cash flow and $490/mo monthly cash flow. Total monthly income runs $1,768/mo, and a $1,028/mo payment keeps the spread at $490/mo. Purchase price stands at $210,000, and rental yield measures 10.1% with $1,768/mo rent. Return on cash invested shows 28.35% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 147.99% and total cumulative return in cash records $103,024. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,768/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42066, Mayfield, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,333 (100%) |
| Owner Occupied HU | 6,369 (61.6%) |
| Renter Occupied HU | 2,866 (27.7%) |
| Vacant Housing Units | 1,098 (10.6%) |
| Median Home Value | $154,990 |
| Average Home Value | $192,095 |
Housing Distribution
Address Breakdown
Residential
9,666
Single Family
9,609
Multi-Family
57
Businesses
783
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Listed by: Austin Thomas • Keller Williams Experience Realty Paducah Branch
Mls Name: WKRMLS
Mls ID: #134087
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.