607 N 2nd StCentral CityKY42330
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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 Central City at 607 N 2nd St, Central City, KY, 42330 uses $56,322 cash to close to unlock $6,330/yr annual cash flow and $528/mo monthly cash flow. Total monthly income runs $1,562/mo, and a $832/mo payment keeps the spread at $528/mo. Purchase price stands at $169,900, and rental yield measures 11.03% with $1,562/mo rent. Return on cash invested shows 31.15% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 163.02% and total cumulative return in cash records $91,814. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,562/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1961
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42330, Central City, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,988 (100%) |
| Owner Occupied HU | 2,487 (62.4%) |
| Renter Occupied HU | 1,072 (26.9%) |
| Vacant Housing Units | 429 (10.8%) |
| Median Home Value | $141,516 |
| Average Home Value | $184,295 |
Housing Distribution
Address Breakdown
Residential
3,680
Single Family
3,641
Multi-Family
39
Businesses
323
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Listed by: Lizbeth Gonzalez • KELLER WILLIAMS ELITE
Mls Name: RASK
Mls ID: #RA20255176