6114 Lakewood Village DrCatlettsburgKY41129
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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 Catlettsburg at 6114 Lakewood Village Dr, Catlettsburg, KY, 41129 listed at $189,900 pairs $1,457/mo rent with a $929/mo payment to leave $302/mo cash flow. Total monthly income runs $1,457/mo, and annual cash flow reaches $3,620/yr on $62,952 cash to close. Return on cash invested measures 25.66% in year one, and rental yield registers 9.21% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 133.56% and total cumulative return in cash totals $84,077. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,457/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41129, Catlettsburg, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,176 (100%) |
| Owner Occupied HU | 2,953 (70.7%) |
| Renter Occupied HU | 722 (17.3%) |
| Vacant Housing Units | 501 (12.0%) |
| Median Home Value | $178,027 |
| Average Home Value | $224,248 |
Housing Distribution
Address Breakdown
Residential
3,831
Single Family
3,731
Multi-Family
100
Businesses
224
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Listed by: Kimberly Cook • ADVANTAGE PLUS REALTY
Mls Name: AABR
Mls ID: #59336