594 Lovan LnProvidenceKY42450
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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 Providence at 594 Lovan Ln, Providence, KY, 42450 earns $431/mo cash flow from $1,642/mo rent with a $974/mo payment. Total monthly income totals $1,642/mo, and annual cash flow totals $5,170/yr on $65,969 capital. ROI tracks 27.75% on current figures, and rental yield reads 9.9% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 144.73% and total cumulative return in cash sums $95,478. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,642/mo property income instead of your personal income.
Single Family
Built in N/A
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42450, Providence, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,893 (100%) |
| Owner Occupied HU | 1,137 (60.1%) |
| Renter Occupied HU | 452 (23.9%) |
| Vacant Housing Units | 304 (16.1%) |
| Median Home Value | $75,879 |
| Average Home Value | $135,204 |
Housing Distribution
Address Breakdown
Residential
1,806
Single Family
1,780
Multi-Family
26
Businesses
143
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Listed by: Scott Kelley • Tradewater Realty
Mls Name: MHCBOR
Mls ID: #115098
Disclaimer: Copyright Madisonville-Hopkins County Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.