255 College Hill RdWacoKY40385
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 255 College Hill Rd, Waco, KY, 40385 in Waco. Priced at $230,000, it generates $2,504/mo in gross rent and $1,105/mo in net monthly cash flow, a 13.07% yield that comfortably supports the 2.42 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $13,255. Five-year appreciation: $63,545. Equity from principal paydown: $2,118/yr. Total projected cumulative return: $158,170.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.1% | 7.0% |
| Monthly Cash Flow | $1,105 | $550 |
City averages based on Waco market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,504 |
| Total Monthly Debt Service | $1,308 |
| DSCR Ratio | 1.91x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1965
1.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40385, Waco, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,469 (100%) |
| Owner Occupied HU | 1,143 (77.8%) |
| Renter Occupied HU | 213 (14.5%) |
| Vacant Housing Units | 113 ( 7.7%) |
| Median Home Value | $233,647 |
| Average Home Value | $285,385 |
Housing Distribution
Address Breakdown
Residential
1,248
Single Family
1,248
Multi-Family
0
Businesses
62
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
Single Family
Built in 1965
1.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40385, Waco, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,469 (100%) |
| Owner Occupied HU | 1,143 (77.8%) |
| Renter Occupied HU | 213 (14.5%) |
| Vacant Housing Units | 113 ( 7.7%) |
| Median Home Value | $233,647 |
| Average Home Value | $285,385 |
Housing Distribution
Address Breakdown
Residential
1,248
Single Family
1,248
Multi-Family
0
Businesses
62
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steven G King • CENTURY 21 Advantage Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25012314
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.