209 Garnet DrNicholasvilleKY40356
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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 209 Garnet Dr, Nicholasville, KY, 40356 uses $57,979 cash to close to unlock $3,043/yr annual cash flow and $254/mo monthly cash flow. Total monthly income runs $1,318/mo, and a $856/mo payment keeps the spread at $254/mo. Purchase price stands at $174,900, and rental yield measures 9.04% with $1,318/mo rent. Return on cash invested shows 25.16% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 130.87% and total cumulative return in cash records $75,876. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,318/mo property income covering a $856/mo payment rather than investor’s personal income.
Townhouse
Built in 2000
0.51 Acres 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: Chuck E Hendricks • Hendricks Real Estate Team
Mls Name: Imagine MLS
Mls ID: #25505554