112 Lake Point DrRichmondKY40475
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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 Richmond at 112 Lake Point Dr, Richmond, KY, 40475 offers $3,134/mo rent that, after a $2,398/mo payment, leaves $152/mo cash flow. Total monthly income is $3,134/mo, and annual cash flow is $1,826/yr on $162,402 cash. Return on cash invested measures 21.03% in year one, and rental yield stands at 7.68% at a $489,900 entry. Equity gained on principal adds $3,161/yr while 5% annual appreciation compounds into $135,350 by year five. Five-year ROI records 108.76% and total cumulative return in cash reaches $176,621. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,134/mo property income versus a $2,398/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40475, Richmond, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,247 (100%) |
| Owner Occupied HU | 15,772 (53.9%) |
| Renter Occupied HU | 11,180 (38.2%) |
| Vacant Housing Units | 2,295 ( 7.8%) |
| Median Home Value | $284,131 |
| Average Home Value | $320,088 |
Housing Distribution
Address Breakdown
Residential
28,136
Single Family
26,632
Multi-Family
1,504
Businesses
1,528
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