5644 Goodsprings RdFredoniaKY42411
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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 Fredonia at 5644 Goodsprings Rd, Fredonia, KY, 42411 priced at $185,000 converts $1,218/mo rent into $93/mo cash flow after a $905/mo obligation. Total monthly income equals $1,218/mo, and annual cash flow totals $1,110/yr on $61,328 invested. Return on cash invested prints 21.72% in year one, and rental yield reads 7.9% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 112.46% and total cumulative return in cash sums $68,967. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,218/mo property income covering a $905/mo payment, not borrower’s personal income.
Manufactured
Built in 2007
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42411, Fredonia, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 682 (100%) |
| Owner Occupied HU | 524 (76.8%) |
| Renter Occupied HU | 63 ( 9.2%) |
| Vacant Housing Units | 95 (13.9%) |
| Median Home Value | $157,018 |
| Average Home Value | $215,892 |
Housing Distribution
Address Breakdown
Residential
717
Single Family
717
Multi-Family
0
Businesses
49
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Listed by: Ryals Farless • Farless Realty
Mls Name: WKRMLS
Mls ID: #131121
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.