375 Lacey Mae WayRichmondKY40475
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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 Richmond at 375 Lacey Mae Way, Richmond, KY, 40475 uses $86,157 cash to close to unlock $6,381/yr annual cash flow and $532/mo monthly cash flow. Total monthly income runs $2,128/mo, and a $1,272/mo payment keeps the spread at $532/mo. Purchase price stands at $259,900, and rental yield measures 9.83% with $2,128/mo rent. Return on cash invested shows 27.31% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 142.5% and total cumulative return in cash records $122,770. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,128/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Single Family
Built in 2019
0.25 Acres lot
$N/A/sqft
$175 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40475, Richmond, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,247 (100%) |
| Owner Occupied HU | 15,772 (53.9%) |
| Renter Occupied HU | 11,180 (38.2%) |
| Vacant Housing Units | 2,295 ( 7.8%) |
| Median Home Value | $284,131 |
| Average Home Value | $320,088 |
Housing Distribution
Address Breakdown
Residential
28,136
Single Family
26,632
Multi-Family
1,504
Businesses
1,528
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Listed by: Kenneth Degrant • High Point Realty & Auction
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25008298
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.