708 Elm StCloverportKY40111
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Cloverport rentals match the income profile of 708 Elm St, Cloverport, KY, 40111. Listed at $159,900, gross rent is $1,510/mo and net cash flow is $536/mo, a 11.33% yield well above national averages. DSCR 2.10 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $44,177 by year five with $1,473/yr in annual principal reduction, projecting $95,143 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 6.2% |
| Monthly Cash Flow | $536 | $400 |
City averages based on Cloverport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,510 |
| Total Monthly Debt Service | $910 |
| DSCR Ratio | 1.66x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40111, Cloverport, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 794 (100%) |
| Owner Occupied HU | 539 (67.9%) |
| Renter Occupied HU | 167 (21.0%) |
| Vacant Housing Units | 88 (11.1%) |
| Median Home Value | $123,645 |
| Average Home Value | $145,172 |
Housing Distribution
Address Breakdown
Residential
731
Single Family
643
Multi-Family
88
Businesses
24
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
Single Family
Built in N/A
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40111, Cloverport, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 794 (100%) |
| Owner Occupied HU | 539 (67.9%) |
| Renter Occupied HU | 167 (21.0%) |
| Vacant Housing Units | 88 (11.1%) |
| Median Home Value | $123,645 |
| Average Home Value | $145,172 |
Housing Distribution
Address Breakdown
Residential
731
Single Family
643
Multi-Family
88
Businesses
24
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Justin W Nugent • RE/MAX REAL ESTATE EXECUTIVES
Mls Name: Greater Owensboro Realtor Association
Mls ID: #93727