97 Simonton DrHarlanKY40831
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 97 Simonton Dr, Harlan, KY, 40831 in Harlan is listed at $355,000 and delivers $2,638/mo in rent and $477/mo in net monthly cash flow. The 8.92% yield and 1.65 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $98,080 over five years, and $3,270/yr in principal reduction supplements cash return. Total projected cumulative return: $165,185.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 7.2% |
| Monthly Cash Flow | $477 | $400 |
City averages based on Harlan market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,638 |
| Total Monthly Debt Service | $2,019 |
| DSCR Ratio | 1.31x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1975
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40831, Harlan, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,708 (100%) |
| Owner Occupied HU | 1,417 (52.3%) |
| Renter Occupied HU | 967 (35.7%) |
| Vacant Housing Units | 324 (12.0%) |
| Median Home Value | $155,653 |
| Average Home Value | $177,576 |
Housing Distribution
Address Breakdown
Residential
2,021
Single Family
1,945
Multi-Family
76
Businesses
436
Nearby investment properties with comparable rents
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
Single Family
Built in 1975
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40831, Harlan, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,708 (100%) |
| Owner Occupied HU | 1,417 (52.3%) |
| Renter Occupied HU | 967 (35.7%) |
| Vacant Housing Units | 324 (12.0%) |
| Median Home Value | $155,653 |
| Average Home Value | $177,576 |
Housing Distribution
Address Breakdown
Residential
2,021
Single Family
1,945
Multi-Family
76
Businesses
436
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices