616 N 3rd StDanvilleKY40422
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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 Danville at 616 N 3rd St, Danville, KY, 40422 earns $110/mo cash flow from $2,696/mo rent with a $2,080/mo payment. Total monthly income totals $2,696/mo, and annual cash flow totals $1,314/yr on $140,888 capital. ROI tracks 20.84% on current figures, and rental yield reads 7.61% at a $425,000 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 over five years. Five-year ROI reaches 107.71% and total cumulative return in cash sums $151,757. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,696/mo property income instead of your personal income.
Single Family
Built in N/A
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40422, Danville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,299 (100%) |
| Owner Occupied HU | 6,664 (59.0%) |
| Renter Occupied HU | 3,609 (31.9%) |
| Vacant Housing Units | 1,026 ( 9.1%) |
| Median Home Value | $227,402 |
| Average Home Value | $271,310 |
Housing Distribution
Address Breakdown
Residential
10,212
Single Family
9,841
Multi-Family
371
Businesses
952
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