805 Mechanic StPrincetonKY42445
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
Investment Highlights
Rental property for sale in Princeton at 805 Mechanic St, Princeton, KY, 42445 offers $1,135/mo rent that, after a $587/mo payment, leaves $405/mo cash flow. Total monthly income is $1,135/mo, and annual cash flow is $4,860/yr on $39,780 cash. Return on cash invested measures 32.13% in year one, and rental yield stands at 11.35% at a $120,000 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,154 by year five. Five-year ROI records 168.19% and total cumulative return in cash reaches $66,907. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,135/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42445, Princeton, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,287 (100%) |
| Owner Occupied HU | 3,373 (63.8%) |
| Renter Occupied HU | 1,243 (23.5%) |
| Vacant Housing Units | 671 (12.7%) |
| Median Home Value | $128,871 |
| Average Home Value | $177,973 |
Housing Distribution
Address Breakdown
Residential
4,812
Single Family
4,733
Multi-Family
79
Businesses
409
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