999 S State Highway 3438CannonKY40923
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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 Cannon at 999 S State Highway 3438, Cannon, KY, 40923 uses $49,692 cash to close to unlock $3,352/yr annual cash flow and $279/mo monthly cash flow. Total monthly income runs $1,192/mo, and a $734/mo payment keeps the spread at $279/mo. Purchase price stands at $149,900, and rental yield measures 9.54% with $1,192/mo rent. Return on cash invested shows 26.66% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 138.97% and total cumulative return in cash records $69,059. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,192/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1982
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40923, Cannon, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 390 (100%) |
| Owner Occupied HU | 281 (72.1%) |
| Renter Occupied HU | 82 (21.0%) |
| Vacant Housing Units | 27 ( 6.9%) |
| Median Home Value | $124,038 |
| Average Home Value | $159,858 |
Housing Distribution
Address Breakdown
Residential
247
Single Family
247
Multi-Family
0
Businesses
1
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