620 State Route 408 EHickoryKY42051
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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 Hickory at 620 State Route 408 E, Hickory, KY, 42051 earns from $1,364/mo rent with a $1,591/mo payment. Total monthly income totals $1,364/mo. ROI tracks 13.07% on current figures, and rental yield reads 5.04% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 66.02% and total cumulative return in cash sums $71,125. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,364/mo property income instead of your personal income.
Single Family
Built in N/A
2.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42051, Hickory, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,250 (100%) |
| Owner Occupied HU | 937 (75.0%) |
| Renter Occupied HU | 219 (17.5%) |
| Vacant Housing Units | 94 ( 7.5%) |
| Median Home Value | $173,234 |
| Average Home Value | $203,829 |
Housing Distribution
Address Breakdown
Residential
1,315
Single Family
1,315
Multi-Family
0
Businesses
39
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Listed by: Austin Thomas • Keller Williams Experience Realty Paducah Branch
Mls Name: WKRMLS
Mls ID: #131259
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.