217 Patmore LnNicholasvilleKY40356
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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
Rental property for sale in Nicholasville at 217 Patmore Ln, Nicholasville, KY, 40356 generates $2,851/mo in rent and, after a $2,237/mo payment, leaves $53/mo in cash flow. Total monthly income is $2,851/mo, and annual cash flow is $633/yr on $151,496 invested. Return on cash invested sits at 20.33% in year one, and rental yield is 7.49% on a $457,000 entry. Equity gained on principal adds $2,949/yr, while 5% annual appreciation builds toward $126,261 over five years. Five-year ROI reaches 105% and total cumulative return in cash sums $159,067. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,851/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
7,840 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
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Listed by: Maggie Wells • Real Broker, LLC
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25507153
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.