308 Southside WayNicholasvilleKY40356
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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 308 Southside Way, Nicholasville, KY, 40356 offers $2,246/mo rent that, after a $1,444/mo payment, leaves $450/mo cash flow. Total monthly income is $2,246/mo, and annual cash flow is $5,406/yr on $97,793 cash. Return on cash invested measures 25.44% in year one, and rental yield stands at 9.14% at a $295,000 entry. Equity gained on principal adds $1,904/yr while 5% annual appreciation compounds into $81,503 by year five. Five-year ROI records 132.37% and total cumulative return in cash reaches $129,446. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,246/mo property income versus a $1,444/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
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: N/A • N/A
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Mls ID: #N/A