109-111 Mingo RdNicholasvilleKY40356
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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 Nicholasville at 109-111 Mingo Rd, Nicholasville, KY, 40356 generates $1,703/mo in rent, after a $1,395/mo payment. Total monthly income is $1,703/mo. Return on cash invested sits at 19.51% in year one, and rental yield is 7.17% on a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 100.58% and total cumulative return in cash sums $95,022. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,703/mo property income rather than buyer’s personal income.
Multi Family
Built in 1991
8,102 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40356, Nicholasville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,530 (100%) |
| Owner Occupied HU | 12,056 (65.1%) |
| Renter Occupied HU | 5,532 (29.9%) |
| Vacant Housing Units | 942 ( 5.1%) |
| Median Home Value | $258,201 |
| Average Home Value | $347,924 |
Housing Distribution
Address Breakdown
Residential
18,592
Single Family
17,420
Multi-Family
1,172
Businesses
1,282
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Listed by: Lynn East Ransdell • Re/Max Creative Realty
Mls Name: Imagine MLS
Mls ID: #25015296