1645 Midway RdVersaillesKY40383
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 1645 Midway Rd, Versailles, KY, 40383 in Versailles worth study. Rental yield 2.74%. The 2.74% gross yield is below cash-flow benchmarks at $1,800,000, but 5% annual appreciation, adding $497,307 over five years, frames this as a capital growth position. Rent of $4,111/mo partially offsets the $8,094/mo payment. Ziffy Mortgage finances appreciation-play properties (0.51 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $241,273.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.7% | 6.1% |
| Monthly Cash Flow | $(6,844) | $950 |
City averages based on Versailles market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,111 |
| Total Monthly Debt Service | $10,239 |
| DSCR Ratio | 0.40x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2007
30.89 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2007
30.89 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tess Utterback • Re/Max Creative Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25005188
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.