509 Ellis CtRichmondKY40475
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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 509 Ellis Ct, Richmond, KY, 40475 earns $313/mo cash flow from $1,165/mo rent with a $685/mo payment. Total monthly income totals $1,165/mo, and annual cash flow totals $3,759/yr on $46,377 capital. ROI tracks 28.02% on current figures, and rental yield reads 9.99% at a $139,900 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,652 over five years. Five-year ROI reaches 146.28% and total cumulative return in cash sums $67,839. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,165/mo property income instead of your personal income.
Single Family
Built in N/A
2,923 sqft lot
$N/A/sqft
No 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: Kim Caywood • The Real Estate Co.
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24019583
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.