601 Hopkins StAlbanyKY42602
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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 Albany at 601 Hopkins St, Albany, KY, 42602 with 5% annual appreciation on a $119,700 basis while $1,757/mo rent supports operations. Total monthly income totals $1,757/mo and a $586/mo payment preserves $1,028/mo for cash returns. Annual cash flow comes to $12,340/yr on $39,681 deployed, and return on cash invested reaches 51.01% in year one. Equity gained on principal adds $772/yr, and five-year appreciation sums $33,071 alongside rental yield of 17.61%. Five-year ROI measures 269.53% and total cumulative return in cash totals $106,953.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,757/mo property income versus a $586/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1945
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42602, Albany, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,682 (100%) |
| Owner Occupied HU | 2,700 (57.7%) |
| Renter Occupied HU | 1,075 (23.0%) |
| Vacant Housing Units | 907 (19.4%) |
| Median Home Value | $115,265 |
| Average Home Value | $150,402 |
Housing Distribution
Address Breakdown
Residential
4,364
Single Family
4,364
Multi-Family
0
Businesses
425
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