351 Spears Mill RdParisKY40361
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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 Paris at 351 Spears Mill Rd, Paris, KY, 40361 generates $1,463/mo in rent, after a $3,989/mo payment. Total monthly income is $1,463/mo. Return on cash invested sits at 4.41% in year one, and rental yield is 2.15% on a $815,000 entry. Equity gained on principal adds $5,259/yr, while 5% annual appreciation builds toward $225,169 over five years. Five-year ROI reaches 19.55% and total cumulative return in cash sums $52,417. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,463/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
36 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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Listed by: Stephanie Jones-Nouvellet • JONES-NOUVELLET Farm Real Estate
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #24000604
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.