241 Nolan RdFrenchburgKY40322
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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 Frenchburg at 241 Nolan Rd, Frenchburg, KY, 40322 priced at $469,900 converts $0/mo rent into after a $2,300/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -2.12% in year one, and rental yield reads 0% against a $469,900 entry. Equity gained on principal adds $3,032/yr, while 5% annual appreciation compiles into $129,825 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $2,300/mo payment, not borrower’s personal income.
Single Family
Built in 2012
7 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40322, Frenchburg, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,566 (100%) |
| Owner Occupied HU | 994 (63.5%) |
| Renter Occupied HU | 348 (22.2%) |
| Vacant Housing Units | 224 (14.3%) |
| Median Home Value | $149,457 |
| Average Home Value | $141,517 |
Housing Distribution
Address Breakdown
Residential
1,388
Single Family
1,388
Multi-Family
0
Businesses
86
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Joshua M Brown • Mike Brown Real Estate & Auction Co, LLC
Mls Name: Imagine MLS
Mls ID: #25502165