9718 Lake RdPrestonsburgKY41653
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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 Prestonsburg at 9718 Lake Rd, Prestonsburg, KY, 41653 generates $840/mo in rent, after a $974/mo payment. Total monthly income is $840/mo. Return on cash invested sits at 13.16% in year one, and rental yield is 5.07% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 66.5% and total cumulative return in cash sums $43,866. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $840/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
1.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41653, Prestonsburg, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,513 (100%) |
| Owner Occupied HU | 3,282 (59.5%) |
| Renter Occupied HU | 1,595 (28.9%) |
| Vacant Housing Units | 636 (11.5%) |
| Median Home Value | $138,043 |
| Average Home Value | $177,093 |
Housing Distribution
Address Breakdown
Residential
4,958
Single Family
4,878
Multi-Family
80
Businesses
654
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Listed by: Mary Wright • Re/Max Freedom
Mls Name: Eastern Kentucky AOR
Mls ID: #125200