1205 Richmond Rd #3Paint LickKY40461
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 1205 Richmond Rd #3, Paint Lick, KY, 40461 in Paint Lick. Priced at $229,000, it generates $1,939/mo in gross rent and $545/mo in net monthly cash flow, a 10.16% yield that comfortably supports the 1.88 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $6,546. Five-year appreciation: $63,268. Equity from principal paydown: $2,109/yr. Total projected cumulative return: $121,854.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.5% |
| Monthly Cash Flow | $545 | $450 |
City averages based on Paint Lick market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,939 |
| Total Monthly Debt Service | $1,303 |
| DSCR Ratio | 1.49x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1995
1.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40461, Paint Lick, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,079 (100%) |
| Owner Occupied HU | 804 (74.5%) |
| Renter Occupied HU | 206 (19.1%) |
| Vacant Housing Units | 69 ( 6.4%) |
| Median Home Value | $239,416 |
| Average Home Value | $253,165 |
Housing Distribution
Address Breakdown
Residential
1,090
Single Family
1,090
Multi-Family
0
Businesses
37
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1995
1.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40461, Paint Lick, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,079 (100%) |
| Owner Occupied HU | 804 (74.5%) |
| Renter Occupied HU | 206 (19.1%) |
| Vacant Housing Units | 69 ( 6.4%) |
| Median Home Value | $239,416 |
| Average Home Value | $253,165 |
Housing Distribution
Address Breakdown
Residential
1,090
Single Family
1,090
Multi-Family
0
Businesses
37
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Holly Peak • Exit Realty Crutcher
Mls Name: Imagine MLS
Mls ID: #25011844