256 Parrish AveParisKY40361
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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 Paris at 256 Parrish Ave, Paris, KY, 40361 uses $39,747 cash to close to unlock $7,969/yr annual cash flow and $664/mo monthly cash flow. Total monthly income runs $1,394/mo, and a $587/mo payment keeps the spread at $664/mo. Purchase price stands at $119,900, and rental yield measures 13.95% with $1,394/mo rent. Return on cash invested shows 39.96% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 210.37% and total cumulative return in cash records $83,616. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,394/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in N/A
5,967 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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