209 Ivy Green PlNicholasvilleKY40356
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 209 Ivy Green Pl, Nicholasville, KY, 40356 in Nicholasville speaks for itself: 22.89% gross on a $390,000 price, generating $7,440/mo in rent and $5,050/mo in net income after the $1,754/mo debt service. DSCR 4.24, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $60,597 stacks alongside $107,750 in projected five-year appreciation and $3,592/yr in principal reduction. Projected total cumulative return: $472,730.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 22.9% | 6.2% |
| Monthly Cash Flow | $5,050 | $450 |
City averages based on Nicholasville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,440 |
| Total Monthly Debt Service | $2,235 |
| DSCR Ratio | 3.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 2024
7,361 sqft lot
$N/A/sqft
$200 annually 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
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 2024
7,361 sqft lot
$N/A/sqft
$200 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Deborah L Meers • Christies International Real Estate Bluegrass
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #24020957
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.