605 Baxter AveMadisonvilleKY42431
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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 Madisonville at 605 Baxter Ave, Madisonville, KY, 42431 uses $41,438 cash to close to unlock $3,540/yr annual cash flow and $295/mo monthly cash flow. Total monthly income runs $1,056/mo, and a $612/mo payment keeps the spread at $295/mo. Purchase price stands at $125,000, and rental yield measures 10.14% with $1,056/mo rent. Return on cash invested shows 28.45% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 148.66% and total cumulative return in cash records $61,601. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,056/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1922
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42431, Madisonville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,228 (100%) |
| Owner Occupied HU | 7,228 (59.1%) |
| Renter Occupied HU | 3,606 (29.5%) |
| Vacant Housing Units | 1,394 (11.4%) |
| Median Home Value | $157,464 |
| Average Home Value | $194,479 |
Housing Distribution
Address Breakdown
Residential
11,582
Single Family
11,285
Multi-Family
297
Businesses
1,296
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Listed by: Kourtney Ashby Hoover • Hoover's Auctions & Real Estate LLC
Mls Name: NY State MLS
Mls ID: #11511443