3006 Bodie CtRichmondKY40475
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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 Richmond at 3006 Bodie Ct, Richmond, KY, 40475 priced at $220,000 converts $1,949/mo rent into $610/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,949/mo, and annual cash flow totals $7,318/yr on $72,930 invested. Return on cash invested prints 29.94% in year one, and rental yield reads 10.63% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 156.53% and total cumulative return in cash sums $114,155. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,949/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Townhouse
Built in 2022
10,454 sqft 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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Listed by: Jason Wilson • Century 21 Pinnacle
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #24026425
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.