311 E 2nd StFrankfortKY40601
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 311 E 2nd St, Frankfort, KY, 40601 in Frankfort speaks for itself: 10.66% gross on a $189,900 price, generating $1,687/mo in rent and $531/mo in net income after the $854/mo debt service. DSCR 1.98, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,377 stacks alongside $52,466 in projected five-year appreciation and $1,749/yr in principal reduction. Projected total cumulative return: $106,110.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 6.5% |
| Monthly Cash Flow | $531 | $450 |
City averages based on Frankfort market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,687 |
| Total Monthly Debt Service | $1,080 |
| DSCR Ratio | 1.56x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40601, Frankfort, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,967 (100%) |
| Owner Occupied HU | 14,825 (59.4%) |
| Renter Occupied HU | 8,031 (32.2%) |
| Vacant Housing Units | 2,111 ( 8.5%) |
| Median Home Value | $224,481 |
| Average Home Value | $274,145 |
Housing Distribution
Address Breakdown
Residential
23,301
Single Family
21,458
Multi-Family
1,843
Businesses
1,722
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in N/A
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40601, Frankfort, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,967 (100%) |
| Owner Occupied HU | 14,825 (59.4%) |
| Renter Occupied HU | 8,031 (32.2%) |
| Vacant Housing Units | 2,111 ( 8.5%) |
| Median Home Value | $224,481 |
| Average Home Value | $274,145 |
Housing Distribution
Address Breakdown
Residential
23,301
Single Family
21,458
Multi-Family
1,843
Businesses
1,722
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices