315 Davis AveLancasterKY40444
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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 Lancaster at 315 Davis Ave, Lancaster, KY, 40444 generates $1,812/mo in rent and, after a $974/mo payment, leaves $601/mo in cash flow. Total monthly income is $1,812/mo, and annual cash flow is $7,210/yr on $65,969 invested. Return on cash invested sits at 30.84% in year one, and rental yield is 10.93% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 161.3% and total cumulative return in cash sums $106,410. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,812/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40444, Lancaster, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,414 (100%) |
| Owner Occupied HU | 4,571 (71.3%) |
| Renter Occupied HU | 1,300 (20.3%) |
| Vacant Housing Units | 543 ( 8.5%) |
| Median Home Value | $251,449 |
| Average Home Value | $272,741 |
Housing Distribution
Address Breakdown
Residential
6,003
Single Family
5,996
Multi-Family
7
Businesses
321
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