216 S Walnut StWilmoreKY40390
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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 Wilmore at 216 S Walnut St, Wilmore, KY, 40390 offers a 9.22% rental yield on a $299,900 purchase with $2,304/mo rent. Total monthly income registers $2,304/mo, and a $1,468/mo payment leaves $479/mo available for distribution. Annual cash flow reaches $5,743/yr on $99,417 to close, and return on cash invested stands at 25.69% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 133.7% and total cumulative return in cash at $132,916. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,304/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40390, Wilmore, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,900 (100%) |
| Owner Occupied HU | 1,776 (61.2%) |
| Renter Occupied HU | 895 (30.9%) |
| Vacant Housing Units | 229 ( 7.9%) |
| Median Home Value | $293,966 |
| Average Home Value | $377,776 |
Housing Distribution
Address Breakdown
Residential
2,560
Single Family
2,422
Multi-Family
138
Businesses
130
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