229 S Collins St APT 6RichmondKY40475
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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 Richmond at 229 S Collins St APT 6, Richmond, KY, 40475 uses $86,190 cash to close to unlock $2,906/yr annual cash flow and $242/mo monthly cash flow. Total monthly income runs $1,825/mo, and a $1,273/mo payment keeps the spread at $242/mo. Purchase price stands at $260,000, and rental yield measures 8.42% with $1,825/mo rent. Return on cash invested shows 23.28% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 120.83% and total cumulative return in cash records $104,141. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,825/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Townhouse
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40475, Richmond, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,247 (100%) |
| Owner Occupied HU | 15,772 (53.9%) |
| Renter Occupied HU | 11,180 (38.2%) |
| Vacant Housing Units | 2,295 ( 7.8%) |
| Median Home Value | $284,131 |
| Average Home Value | $320,088 |
Housing Distribution
Address Breakdown
Residential
28,136
Single Family
26,632
Multi-Family
1,504
Businesses
1,528
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