700 N 3rd StCentral CityKY42330
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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 Central City at 700 N 3rd St, Central City, KY, 42330 priced at $140,000 converts $1,048/mo rent into $196/mo cash flow after a $685/mo obligation. Total monthly income equals $1,048/mo, and annual cash flow totals $2,354/yr on $46,410 invested. Return on cash invested prints 24.98% in year one, and rental yield reads 8.98% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 130.03% and total cumulative return in cash sums $60,346. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,048/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1955
8,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42330, Central City, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,988 (100%) |
| Owner Occupied HU | 2,487 (62.4%) |
| Renter Occupied HU | 1,072 (26.9%) |
| Vacant Housing Units | 429 (10.8%) |
| Median Home Value | $141,516 |
| Average Home Value | $184,295 |
Housing Distribution
Address Breakdown
Residential
3,680
Single Family
3,641
Multi-Family
39
Businesses
323
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