932 Horse Creek RdCorbinKY40701
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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 932 Horse Creek Rd, Corbin, KY, 40701 uses $74,588 cash to close to unlock $1,474/yr annual cash flow and $123/mo monthly cash flow. Total monthly income runs $1,492/mo, and a $1,101/mo payment keeps the spread at $123/mo. Purchase price stands at $225,000, and rental yield measures 7.96% with $1,492/mo rent. Return on cash invested shows 21.89% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 113.29% and total cumulative return in cash records $84,501. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,492/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Manufactured
Built in 2020
0.59 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: Misty Prewitt • Century 21 Advantage Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #24019607
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