132 N Locust StVersaillesKY40383
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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 Versailles at 132 N Locust St, Versailles, KY, 40383 priced at $249,000 pairs $1,882/mo rent with $366/mo cash flow after a $1,219/mo payment. Total monthly income equals $1,882/mo, and annual cash flow comes to $4,395/yr on $82,544 invested. Return on cash invested is 25.23% in year one, and rental yield stands at 9.07% on a $249,000 basis. Equity gained on principal adds $1,607/yr, and 5% annual appreciation accumulates to $68,794 by year five. Five-year ROI measures 131.31% and total cumulative return in cash reaches $108,392. For financing, Ziffy Mortgage’s DSCR program evaluates $1,882/mo property income against a $1,219/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in N/A
6,135 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40383, Versailles, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,936 (100%) |
| Owner Occupied HU | 7,598 (69.5%) |
| Renter Occupied HU | 2,743 (25.1%) |
| Vacant Housing Units | 595 ( 5.4%) |
| Median Home Value | $311,634 |
| Average Home Value | $360,275 |
Housing Distribution
Address Breakdown
Residential
10,364
Single Family
10,233
Multi-Family
131
Businesses
769
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Listed by: Marcus D Hammond • Bluegrass Sotheby's International Realty
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24022532
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.