1919 Wings Nolk StParisKY40361
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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 Paris at 1919 Wings Nolk St, Paris, KY, 40361 uses $79,229 cash to close to unlock $4,706/yr annual cash flow and $392/mo monthly cash flow. Total monthly income runs $1,847/mo, and a $1,170/mo payment keeps the spread at $392/mo. Purchase price stands at $239,000, and rental yield measures 9.27% with $1,847/mo rent. Return on cash invested shows 25.85% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 134.62% and total cumulative return in cash records $106,656. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,847/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Single Family
Built in N/A
9,975 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40361, Paris, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,343 (100%) |
| Owner Occupied HU | 4,765 (57.1%) |
| Renter Occupied HU | 2,801 (33.6%) |
| Vacant Housing Units | 777 ( 9.3%) |
| Median Home Value | $227,816 |
| Average Home Value | $326,449 |
Housing Distribution
Address Breakdown
Residential
7,777
Single Family
7,740
Multi-Family
37
Businesses
510
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Listed by: Brittney Nichols • Nichols Real Estate
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25015427
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.