217 Secretariat WayFrankfortKY40601
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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 Frankfort at 217 Secretariat Way, Frankfort, KY, 40601 generates $1,982/mo in rent and, after a $1,248/mo payment, leaves $430/mo in cash flow. Total monthly income is $1,982/mo, and annual cash flow is $5,161/yr on $84,533 invested. Return on cash invested sits at 26.01% in year one, and rental yield is 9.33% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 135.48% and total cumulative return in cash sums $114,524. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,982/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
7,971 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40601, Frankfort, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,967 (100%) |
| Owner Occupied HU | 14,825 (59.4%) |
| Renter Occupied HU | 8,031 (32.2%) |
| Vacant Housing Units | 2,111 ( 8.5%) |
| Median Home Value | $224,481 |
| Average Home Value | $274,145 |
Housing Distribution
Address Breakdown
Residential
23,301
Single Family
21,458
Multi-Family
1,843
Businesses
1,722
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