1370 Shun PikeNicholasvilleKY40356
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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 Nicholasville at 1370 Shun Pike, Nicholasville, KY, 40356 offers a 6.6% rental yield on a $274,000 purchase with $1,507/mo rent. 79% in year one. Equity gained on principal adds $1,768/yr while 5% annual appreciation supports $75,701 over five years. Portfolio math shows five-year ROI at 91.35% and total cumulative return in cash at $82,977. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,507/mo property income against a $1,341/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40356, Nicholasville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,530 (100%) |
| Owner Occupied HU | 12,056 (65.1%) |
| Renter Occupied HU | 5,532 (29.9%) |
| Vacant Housing Units | 942 ( 5.1%) |
| Median Home Value | $258,201 |
| Average Home Value | $347,924 |
Housing Distribution
Address Breakdown
Residential
18,592
Single Family
17,420
Multi-Family
1,172
Businesses
1,282
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Listed by: Karen W Angelucci • RE/MAX Elite Lexington
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25018838
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.