113 Secretariat WayFrankfortKY40601
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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 Frankfort at 113 Secretariat Way, Frankfort, KY, 40601 priced at $244,000 pairs $2,155/mo rent with $670/mo cash flow after a $1,194/mo payment. Total monthly income equals $2,155/mo, and annual cash flow comes to $8,043/yr on $80,886 invested. Return on cash invested is 29.85% in year one, and rental yield stands at 10.6% on a $244,000 basis. Equity gained on principal adds $1,574/yr, and 5% annual appreciation accumulates to $67,413 by year five. Five-year ROI measures 156.05% and total cumulative return in cash reaches $126,226. For financing, Ziffy Mortgage’s DSCR program evaluates $2,155/mo property income against a $1,194/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
8,681 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40601, Frankfort, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,967 (100%) |
| Owner Occupied HU | 14,825 (59.4%) |
| Renter Occupied HU | 8,031 (32.2%) |
| Vacant Housing Units | 2,111 ( 8.5%) |
| Median Home Value | $224,481 |
| Average Home Value | $274,145 |
Housing Distribution
Address Breakdown
Residential
23,301
Single Family
21,458
Multi-Family
1,843
Businesses
1,722
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