308 Ironwood CirParisKY40361
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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 308 Ironwood Cir, Paris, KY, 40361 offers a 9.21% rental yield on a $669,000 purchase with $5,132/mo rent. Total monthly income registers $5,132/mo, and a $3,274/mo payment leaves $1,061/mo available for distribution. Annual cash flow reaches $12,729/yr on $220,101 to close, and return on cash invested stands at 25.84% in year one. Equity gained on principal adds $4,317/yr while 5% annual appreciation supports $184,832 over five years. Portfolio math shows five-year ROI at 134.5% and total cumulative return in cash at $296,031. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,132/mo property income against a $3,274/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
0.38 Acres 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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