305 Lake St APT 2NicholasvilleKY40356
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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 Nicholasville at 305 Lake St APT 2, Nicholasville, KY, 40356 offers a 9.43% rental yield on a $115,000 purchase with $904/mo rent. Total monthly income registers $904/mo, and a $563/mo payment leaves $204/mo available for distribution. Annual cash flow reaches $2,448/yr on $38,123 to close, and return on cash invested stands at 26.33% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 137.11% and total cumulative return in cash at $52,269. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $904/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
N/A 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: Matt Metts • LexHomes Real Estate
Mls Name: Imagine MLS
Mls ID: #25500581