409/411 S Lucas RdLucasKY42156
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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 Lucas at 409/411 S Lucas Rd, Lucas, KY, 42156 offers a 6.04% rental yield on a $695,000 purchase with $3,498/mo rent. 22% in year one. Equity gained on principal adds $4,485/yr while 5% annual appreciation supports $192,016 over five years. Portfolio math shows five-year ROI at 82.87% and total cumulative return in cash at $189,486. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,498/mo property income against a $3,402/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2013
1.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42156, Lucas, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 232 (100%) |
| Owner Occupied HU | 124 (53.4%) |
| Renter Occupied HU | 36 (15.5%) |
| Vacant Housing Units | 72 (31.0%) |
| Median Home Value | $260,000 |
| Average Home Value | $280,302 |
Housing Distribution
Address Breakdown
Residential
195
Single Family
195
Multi-Family
0
Businesses
10
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Listed by: Melissa Stinson • MAKE IT HAPPEN REALTY, LLC
Mls Name: HKMLS
Mls Provider:
Mls ID: #HK25000870
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.