906 Heater Store RdSmithlandKY42081
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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 Smithland at 906 Heater Store Rd, Smithland, KY, 42081 offers $1,417/mo rent that, after a $685/mo payment, leaves $565/mo cash flow. Total monthly income is $1,417/mo, and annual cash flow is $6,783/yr on $46,377 cash. Return on cash invested measures 34.54% in year one, and rental yield stands at 12.15% at a $139,900 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,652 by year five. Five-year ROI records 181.23% and total cumulative return in cash reaches $84,051. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,417/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
2.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42081, Smithland, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,011 (100%) |
| Owner Occupied HU | 676 (66.9%) |
| Renter Occupied HU | 144 (14.2%) |
| Vacant Housing Units | 191 (18.9%) |
| Median Home Value | $138,710 |
| Average Home Value | $229,589 |
Housing Distribution
Address Breakdown
Residential
887
Single Family
875
Multi-Family
12
Businesses
56
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Listed by: Daria Puchkova • Lake Realty & Development Co.
Mls Name: WKRMLS
Mls ID: #129422
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.