1367 Richmond Road Loop 1LancasterKY40444
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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 Lancaster at 1367 Richmond Road Loop 1, Lancaster, KY, 40444 offers a 8.86% rental yield on a $324,900 purchase with $2,398/mo rent. Total monthly income registers $2,398/mo, and a $1,590/mo payment leaves $421/mo available for distribution. Annual cash flow reaches $5,050/yr on $107,704 to close, and return on cash invested stands at 24.6% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,764 over five years. Portfolio math shows five-year ROI at 127.86% and total cumulative return in cash at $137,705. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,398/mo property income against a $1,590/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2018
3.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40444, Lancaster, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,414 (100%) |
| Owner Occupied HU | 4,571 (71.3%) |
| Renter Occupied HU | 1,300 (20.3%) |
| Vacant Housing Units | 543 ( 8.5%) |
| Median Home Value | $251,449 |
| Average Home Value | $272,741 |
Housing Distribution
Address Breakdown
Residential
6,003
Single Family
5,996
Multi-Family
7
Businesses
321
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Listed by: Venessa Cheek • Weichert Realtors Ford Brothers - Lancaster
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25017855
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.