116 Watkins DrNicholasvilleKY40356
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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 116 Watkins Dr, Nicholasville, KY, 40356 offers $3,184/mo rent that, after a $2,437/mo payment, leaves $129/mo cash flow. Total monthly income is $3,184/mo, and annual cash flow is $1,543/yr on $165,087 cash. Return on cash invested measures 20.84% in year one, and rental yield stands at 7.67% at a $498,000 entry. Equity gained on principal adds $3,214/yr while 5% annual appreciation compounds into $137,588 by year five. Five-year ROI records 107.79% and total cumulative return in cash reaches $177,940. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,184/mo property income versus a $2,437/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
0.28 Acres lot
$N/A/sqft
$300 annually 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: Parker Tussey • Cornerstone Homes, LLC
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25009196
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.