Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Morganfield at 616 Helms Way, Morganfield, KY, 42437 offers a 4.57% rental yield on a $337,750 purchase with $1,285/mo rent. 65% in year one. Equity gained on principal adds $2,179/yr while 5% annual appreciation supports $93,314 over five years. Portfolio math shows five-year ROI at 58.45% and total cumulative return in cash at $65,444. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,285/mo property income against a $1,653/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 42437, Morganfield, KY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,947 (100%) |
| Owner Occupied HU | 1,888 (64.1%) |
| Renter Occupied HU | 759 (25.8%) |
| Vacant Housing Units | 300 (10.2%) |
| Median Home Value | $175,467 |
| Average Home Value | $226,973 |
Residential
2,882
Single Family
2,865
Multi-Family
17
Businesses
302
Date | Event | Price |
|---|---|---|
| 2024-09-04 | Price change | $337,750 |
| 2024-07-15 | Price change | $349,900 |
| 2024-07-09 | Price change | $360,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2020-11-12 | $1140.31 | -1.85% | $105,000 | N/A |
| 2019-11-12 | $1161.83 | 3.12% | $105,000 | N/A |
| 2018-11-12 | $1126.65 | N/A | $105,000 | N/A |
Listed by: Olivia Leslie • Tradewater Realty
Mls Name: MHCBOR
Mls ID: #115133
Disclaimer: Copyright Madisonville-Hopkins County Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.
