304 Weil LnNicholasvilleKY40356
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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 Nicholasville at 304 Weil Ln, Nicholasville, KY, 40356 priced at $339,900 converts $2,675/mo rent into $606/mo cash flow after a $1,664/mo obligation. Total monthly income equals $2,675/mo, and annual cash flow totals $7,271/yr on $112,677 invested. Return on cash invested prints 26.36% in year one, and rental yield reads 9.44% against a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation compiles into $93,908 by year five. Five-year ROI reaches 137.32% and total cumulative return in cash sums $154,727. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,675/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 1972
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40356, Nicholasville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,530 (100%) |
| Owner Occupied HU | 12,056 (65.1%) |
| Renter Occupied HU | 5,532 (29.9%) |
| Vacant Housing Units | 942 ( 5.1%) |
| Median Home Value | $258,201 |
| Average Home Value | $347,924 |
Housing Distribution
Address Breakdown
Residential
18,592
Single Family
17,420
Multi-Family
1,172
Businesses
1,282
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Listed by: Roni A Porter • RE/MAX Creative Realty
Mls Name: Imagine MLS
Mls ID: #25018765