253 Parrish AveParisKY40361
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Paris at 253 Parrish Ave, Paris, KY, 40361 offers $1,097/mo rent that, after a $710/mo payment, leaves $214/mo cash flow. Total monthly income is $1,097/mo, and annual cash flow is $2,571/yr on $48,068 cash. Return on cash invested measures 25.26% in year one, and rental yield stands at 9.08% at a $145,000 entry. Equity gained on principal adds $936/yr while 5% annual appreciation compounds into $40,061 by year five. Five-year ROI records 131.46% and total cumulative return in cash reaches $63,188. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,097/mo property income versus a $710/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
5,184 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40361, Paris, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,343 (100%) |
| Owner Occupied HU | 4,765 (57.1%) |
| Renter Occupied HU | 2,801 (33.6%) |
| Vacant Housing Units | 777 ( 9.3%) |
| Median Home Value | $227,816 |
| Average Home Value | $326,449 |
Housing Distribution
Address Breakdown
Residential
7,777
Single Family
7,740
Multi-Family
37
Businesses
510
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Nearby investment properties with comparable prices
Listed by: Chad S. Nichols • Nichols Real Estate
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25005509
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.