121 Meredith AveFrankfortKY40601
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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 121 Meredith Ave, Frankfort, KY, 40601 offers $1,771/mo rent that, after a $1,057/mo payment, leaves $457/mo cash flow. Total monthly income is $1,771/mo, and annual cash flow is $5,479/yr on $71,604 cash. Return on cash invested measures 27.56% in year one, and rental yield stands at 9.84% at a $216,000 entry. Equity gained on principal adds $1,394/yr while 5% annual appreciation compounds into $59,677 by year five. Five-year ROI records 143.76% and total cumulative return in cash reaches $102,939. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,771/mo property income versus a $1,057/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
0.27 Acres 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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Listed by: Mike Barnes • Marshall Lane Real Estate
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25012211
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.