119 Piedmont Ln #119FrankfortKY40601
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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
Investment property for sale in Frankfort at 119 Piedmont Ln #119, Frankfort, KY, 40601 offers a 4.62% rental yield on a $295,900 purchase with $1,140/mo rent. 69% in year one. Equity gained on principal adds $1,909/yr while 5% annual appreciation supports $81,752 over five years. Portfolio math shows five-year ROI at 48.69% and total cumulative return in cash at $47,757. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,140/mo property income against a $1,448/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2024
4,356 sqft lot
$N/A/sqft
$175 monthly 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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Listed by: Lenee W Peach • Keller Williams Bluegrass Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25502232
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.