659 Phoenix Place BlvdHazardKY41701
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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
Rental property for sale in Hazard at 659 Phoenix Place Blvd, Hazard, KY, 41701 priced at $499,900 converts $2,136/mo rent into after a $2,447/mo obligation. Total monthly income equals $2,136/mo. Return on cash invested prints 13.34% in year one, and rental yield reads 5.13% against a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,113 by year five. Five-year ROI reaches 67.51% and total cumulative return in cash sums $111,876. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,136/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 2010
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41701, Hazard, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,242 (100%) |
| Owner Occupied HU | 4,247 (58.6%) |
| Renter Occupied HU | 2,109 (29.1%) |
| Vacant Housing Units | 886 (12.2%) |
| Median Home Value | $114,824 |
| Average Home Value | $166,979 |
Housing Distribution
Address Breakdown
Residential
6,084
Single Family
5,930
Multi-Family
154
Businesses
627
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