305 Lake St APT 6NicholasvilleKY40356
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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 305 Lake St APT 6, Nicholasville, KY, 40356 generates $1,530/mo in rent and, after a $759/mo payment, leaves $586/mo in cash flow. Total monthly income is $1,530/mo, and annual cash flow is $7,035/yr on $51,383 invested. Return on cash invested sits at 33.6% in year one, and rental yield is 11.85% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 176.22% and total cumulative return in cash sums $90,544. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,530/mo property income rather than buyer’s personal income.
Condo
Built in N/A
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: Kevin Bradley • Keller Williams Legacy Group
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25000232
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.