818 Letcher StHendersonKY42420
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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 Henderson at 818 Letcher St, Henderson, KY, 42420 priced at $119,900 converts $870/mo rent into $140/mo cash flow after a $587/mo obligation. Total monthly income equals $870/mo, and annual cash flow totals $1,681/yr on $39,747 invested. Return on cash invested prints 24.14% in year one, and rental yield reads 8.71% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 125.5% and total cumulative return in cash sums $49,884. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $870/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1945
9,720 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42420, Henderson, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,891 (100%) |
| Owner Occupied HU | 9,402 (55.7%) |
| Renter Occupied HU | 6,001 (35.5%) |
| Vacant Housing Units | 1,488 ( 8.8%) |
| Median Home Value | $184,333 |
| Average Home Value | $221,084 |
Housing Distribution
Address Breakdown
Residential
16,406
Single Family
14,677
Multi-Family
1,729
Businesses
1,037
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Listed by: Matthew Schell • exp REALTY
Mls Name: Greater Owensboro Realtor Association
Mls Provider:
Mls ID: #92877
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.