808 W Gordon StCorbinKY40701
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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 Corbin at 808 W Gordon St, Corbin, KY, 40701 generates $1,398/mo in rent and, after a $1,101/mo payment, leaves $29/mo in cash flow. Total monthly income is $1,398/mo, and annual cash flow is $348/yr on $74,554 invested. Return on cash invested sits at 20.38% in year one, and rental yield is 7.46% on a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 105.2% and total cumulative return in cash sums $78,433. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,398/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
1 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: Sherman E Clark • Weichert Realtors - Ford Brothers
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25004379
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.