700 E Main 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
Rental property for sale in Danville at 700 E Main St, Danville, KY, 40422 priced at $229,000 pairs $1,964/mo rent with $570/mo cash flow after a $1,121/mo payment. Total monthly income equals $1,964/mo, and annual cash flow comes to $6,841/yr on $75,914 invested. Return on cash invested is 28.92% in year one, and rental yield stands at 10.29% on a $229,000 basis. Equity gained on principal adds $1,478/yr, and 5% annual appreciation accumulates to $63,268 by year five. Five-year ROI measures 151.11% and total cumulative return in cash reaches $114,713. For financing, Ziffy Mortgage’s DSCR program evaluates $1,964/mo property income against a $1,121/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.34 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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Listed by: Sabrina Murphy • Coldwell Banker Vip Realty, Inc.
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24012892
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.