Smithfield, KY — Rental Investment Analysis
🔴WEAK— appreciation play onlyCap Rate
2.1%
Below average
Monthly Cash Flow
-$1,465
After all expenses
Price-to-Rent
21.5
Overpriced for rent
DSCR
0.33
Fails
📊 Key Metrics
- Median Home Price
- $410,886
- Average Rent (3BR)
- $1,590/mo
- Price-to-Rent Ratio
- 21.5(high)
- 1% Rule
- 0.39%(fails — need 1%+)
- Cash-on-Cash Return
- -18.6%
- Vacancy Rate
- 8.0%
📈 Market Strength
- Unemployment Rate
- 4.3%(0% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- +0.55% YoY
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →Property Tax Rate
0.8%
of assessed value (KY avg)
Median Income
$55,573
household (KY avg)
Rent-to-Income
34.3%
Moderate
Section 8 Max Rent
$1,590/mo
3BR voucher payment
🏛️ KY Investor Climate
Landlord Friendly
7/10
State Income Tax
Has state tax
Property Tax
0.8% effective
Population Trend
+0.55% (3yr)