824 Cherry StCentral CityKY42330
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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 Central City at 824 Cherry St, Central City, KY, 42330 priced at $129,000 pairs $570/mo rent with after a $631/mo payment. Total monthly income equals $570/mo. Return on cash invested is 13.88% in year one, and rental yield stands at 5.3% on a $129,000 basis. Equity gained on principal adds $832/yr, and 5% annual appreciation accumulates to $35,640 by year five. Five-year ROI measures 70.49% and total cumulative return in cash reaches $30,145. For financing, Ziffy Mortgage’s DSCR program evaluates $570/mo property income against a $631/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42330, Central City, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,988 (100%) |
| Owner Occupied HU | 2,487 (62.4%) |
| Renter Occupied HU | 1,072 (26.9%) |
| Vacant Housing Units | 429 (10.8%) |
| Median Home Value | $141,516 |
| Average Home Value | $184,295 |
Housing Distribution
Address Breakdown
Residential
3,680
Single Family
3,641
Multi-Family
39
Businesses
323
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Listed by: Michael E Miller • RE/MAX Preferred & Auction
Mls Name: RASK
Mls Provider:
Mls ID: #RA20251373
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.