7878 Defries RdCanmerKY42722
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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 Canmer at 7878 Defries Rd, Canmer, KY, 42722 uses $37,426 cash to close to unlock $8,610/yr annual cash flow and $717/mo monthly cash flow. Total monthly income runs $1,405/mo, and a $553/mo payment keeps the spread at $717/mo. Purchase price stands at $112,900, and rental yield measures 14.93% with $1,405/mo rent. Return on cash invested shows 42.91% in year one, and 5% annual appreciation builds toward $31,192 over five years. Five-year ROI reaches 226.13% and total cumulative return in cash records $84,634. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,405/mo property income covering a $553/mo payment rather than investor’s personal income.
Single Family
Built in 1999
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42722, Canmer, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 326 (100%) |
| Owner Occupied HU | 212 (65.0%) |
| Renter Occupied HU | 58 (17.8%) |
| Vacant Housing Units | 56 (17.2%) |
| Median Home Value | $167,969 |
| Average Home Value | $177,288 |
Housing Distribution
Address Breakdown
Residential
345
Single Family
345
Multi-Family
0
Businesses
9
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Listed by: Gage Burd • Benchmark Realty, LLC
Mls Name: RASK
Mls Provider:
Mls ID: #RA20244959
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.