609 Highway 2036LetcherKY41832
INVESTMENT ANALYSIS
Investment Verdict
Solid Income609 Highway 2036, Letcher, KY, 41832 in Letcher is a solid income-producing rental, 9.29% gross yield, $1,664/mo rent, $356/mo net cash flow on a $215,000 buy. DSCR 1.72 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $59,401 and $1,980/yr in principal reduction project a total cumulative return of $104,296.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 8.5% |
| Monthly Cash Flow | $356 | $550 |
City averages based on Letcher market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,664 |
| Total Monthly Debt Service | $1,223 |
| DSCR Ratio | 1.36x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices