1403 Providence RdRichmondKY40475
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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 Richmond at 1403 Providence Rd, Richmond, KY, 40475 with 5% annual appreciation on a $247,500 basis while $1,874/mo rent supports operations. Total monthly income totals $1,874/mo and a $1,211/mo payment preserves $368/mo for cash returns. Annual cash flow comes to $4,417/yr on $82,046 deployed, and return on cash invested reaches 25.29% in year one. Equity gained on principal adds $1,597/yr, and five-year appreciation sums $68,380 alongside rental yield of 9.09%. Five-year ROI measures 131.62% and total cumulative return in cash totals $107,993.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,874/mo property income versus a $1,211/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40475, Richmond, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,247 (100%) |
| Owner Occupied HU | 15,772 (53.9%) |
| Renter Occupied HU | 11,180 (38.2%) |
| Vacant Housing Units | 2,295 ( 7.8%) |
| Median Home Value | $284,131 |
| Average Home Value | $320,088 |
Housing Distribution
Address Breakdown
Residential
28,136
Single Family
26,632
Multi-Family
1,504
Businesses
1,528
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Listed by: Robin S Jones • Keller Williams Legacy Group
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25001062
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.