531 Chickasaw DrRichmondKY40475
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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 531 Chickasaw Dr, Richmond, KY, 40475 uses $120,301 cash to close to unlock $2,386/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $2,424/mo, and a $1,776/mo payment keeps the spread at $199/mo. Purchase price stands at $362,900, and rental yield measures 8.02% with $2,424/mo rent. Return on cash invested shows 21.89% in year one, and 5% annual appreciation builds toward $100,263 over five years. Five-year ROI reaches 113.41% and total cumulative return in cash records $136,436. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,424/mo property income covering a $1,776/mo payment rather than investor’s personal income.
Single Family
Built in 2024
0.27 Acres lot
$N/A/sqft
$200 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: Deanna Applegate • Century 21 Advantage Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25010767
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.