588 Bay LnCadizKY42211
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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 Cadiz at 588 Bay Ln, Cadiz, KY, 42211 priced at $459,000 converts $3,259/mo rent into $465/mo cash flow after a $2,247/mo obligation. Total monthly income equals $3,259/mo, and annual cash flow totals $5,580/yr on $152,159 invested. Return on cash invested prints 23.58% in year one, and rental yield reads 8.52% against a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation compiles into $126,813 by year five. Five-year ROI reaches 122.4% and total cumulative return in cash sums $186,239. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,259/mo property income covering a $2,247/mo payment, not borrower’s personal income.
Single Family
Built in 1974
2.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42211, Cadiz, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,329 (100%) |
| Owner Occupied HU | 4,464 (60.9%) |
| Renter Occupied HU | 1,113 (15.2%) |
| Vacant Housing Units | 1,752 (23.9%) |
| Median Home Value | $216,968 |
| Average Home Value | $270,742 |
Housing Distribution
Address Breakdown
Residential
5,796
Single Family
5,760
Multi-Family
36
Businesses
358
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