609 Highway 2036LetcherKY41832
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Letcher at 609 Highway 2036, Letcher, KY, 41832 uses $71,273 cash to close to unlock $4,269/yr annual cash flow and $356/mo monthly cash flow. Total monthly income runs $1,664/mo, and a $1,052/mo payment keeps the spread at $356/mo. Purchase price stands at $215,000, and rental yield measures 9.29% with $1,664/mo rent. Return on cash invested shows 25.9% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 134.83% and total cumulative return in cash records $96,097. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,664/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1966
39.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41832, Letcher, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 262 (100%) |
| Owner Occupied HU | 183 (69.8%) |
| Renter Occupied HU | 43 (16.4%) |
| Vacant Housing Units | 36 (13.7%) |
| Median Home Value | $95,417 |
| Average Home Value | $154,235 |
Housing Distribution
Address Breakdown
Residential
177
Single Family
177
Multi-Family
0
Businesses
1
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