609 Ritz RdSlaughtersKY42456
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 609 Ritz Rd, Slaughters, KY, 42456 in Slaughters offers a clean, manageable entry. Rental yield 6.08%. DSCR 1.13 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $81,503 in additional property value over five years, with $2,717/yr in principal equity building ownership stake. Total projected cumulative return: $92,394.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.1% | 9.0% |
| Monthly Cash Flow | $(300) | $250 |
City averages based on Slaughters market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,495 |
| Total Monthly Debt Service | $1,678 |
| DSCR Ratio | 0.89x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Manufactured
Built in 2019
12.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42456, Slaughters, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 720 (100%) |
| Owner Occupied HU | 577 (80.1%) |
| Renter Occupied HU | 91 (12.6%) |
| Vacant Housing Units | 52 ( 7.2%) |
| Median Home Value | $175,255 |
| Average Home Value | $201,924 |
Housing Distribution
Address Breakdown
Residential
641
Single Family
641
Multi-Family
0
Businesses
15
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
Manufactured
Built in 2019
12.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42456, Slaughters, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 720 (100%) |
| Owner Occupied HU | 577 (80.1%) |
| Renter Occupied HU | 91 (12.6%) |
| Vacant Housing Units | 52 ( 7.2%) |
| Median Home Value | $175,255 |
| Average Home Value | $201,924 |
Housing Distribution
Address Breakdown
Residential
641
Single Family
641
Multi-Family
0
Businesses
15
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Josh Parish • Bhg Realty
Mls Name: MHCBOR
Mls ID: #116994
Disclaimer: Copyright Madisonville-Hopkins County Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.