850 Hancock AveCorbinKY40701
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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 Corbin at 850 Hancock Ave, Corbin, KY, 40701 with 5% annual appreciation on a $178,000 basis while $1,391/mo rent supports operations. Total monthly income totals $1,391/mo and a $871/mo payment preserves $308/mo for cash returns. Annual cash flow comes to $3,695/yr on $59,007 deployed, and return on cash invested reaches 26.17% in year one. Equity gained on principal adds $1,149/yr, and five-year appreciation sums $49,178 alongside rental yield of 9.38%. Five-year ROI measures 136.28% and total cumulative return in cash totals $80,413.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,391/mo property income versus a $871/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1974
0.49 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: Josh Reynolds • Freeman Brothers Realty LLC
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25006749
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.