6376 State Route 2030BannerKY41603
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
Investment Highlights
Investment property for sale in Banner at 6376 State Route 2030, Banner, KY, 41603 uses $38,123 cash to close to unlock $2,196/yr annual cash flow and $183/mo monthly cash flow. Total monthly income runs $883/mo, and a $563/mo payment keeps the spread at $183/mo. Purchase price stands at $115,000, and rental yield measures 9.21% with $883/mo rent. Return on cash invested shows 25.67% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 133.58% and total cumulative return in cash records $50,925. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $883/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1993
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41603, Banner, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 789 (100%) |
| Owner Occupied HU | 500 (63.4%) |
| Renter Occupied HU | 162 (20.5%) |
| Vacant Housing Units | 127 (16.1%) |
| Median Home Value | $162,000 |
| Average Home Value | $158,240 |
Housing Distribution
Address Breakdown
Residential
591
Single Family
591
Multi-Family
0
Businesses
4
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Calvin Lawson • Re/Max Freedom
Mls Name: Eastern Kentucky AOR
Mls Provider:
Mls ID: #124362
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.