770 Hancock AveCorbinKY40701
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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
Investment property for sale in Corbin at 770 Hancock Ave, Corbin, KY, 40701 listed at $184,000 pairs $1,174/mo rent with a $901/mo payment to leave $54/mo cash flow. Total monthly income runs $1,174/mo, and annual cash flow reaches $645/yr on $60,996 cash to close. Return on cash invested measures 20.97% in year one, and rental yield registers 7.66% at a $184,000 basis. Equity gained on principal adds $1,187/yr, and annual property appreciation at 5% supports $50,836 by year five. Five-year ROI tracks 108.4% and total cumulative return in cash totals $66,121. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,174/mo property income relative to a $901/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40701, Corbin, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,997 (100%) |
| Owner Occupied HU | 8,328 (59.5%) |
| Renter Occupied HU | 4,261 (30.4%) |
| Vacant Housing Units | 1,408 (10.1%) |
| Median Home Value | $166,864 |
| Average Home Value | $190,581 |
Housing Distribution
Address Breakdown
Residential
13,527
Single Family
13,075
Multi-Family
452
Businesses
925
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Listed by: Jamie Karr • Premier Properties Of Lake Cumberland, Inc.
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25002959
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.