604 Friendly AveNicholasvilleKY40356
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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 Nicholasville at 604 Friendly Ave, Nicholasville, KY, 40356 with 5% annual appreciation on a $349,300 basis while $2,989/mo rent supports operations. Total monthly income totals $2,989/mo and a $1,710/mo payment preserves $834/mo for cash returns. Annual cash flow comes to $10,003/yr on $115,793 deployed, and return on cash invested reaches 28.55% in year one. Equity gained on principal adds $2,254/yr, and five-year appreciation sums $96,505 alongside rental yield of 10.27%. Five-year ROI measures 149.16% and total cumulative return in cash totals $172,714.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,989/mo property income versus a $1,710/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
9,852 sqft lot
$N/A/sqft
$350 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40356, Nicholasville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,530 (100%) |
| Owner Occupied HU | 12,056 (65.1%) |
| Renter Occupied HU | 5,532 (29.9%) |
| Vacant Housing Units | 942 ( 5.1%) |
| Median Home Value | $258,201 |
| Average Home Value | $347,924 |
Housing Distribution
Address Breakdown
Residential
18,592
Single Family
17,420
Multi-Family
1,172
Businesses
1,282
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Listed by: James C B Monroe • Buy With Confidence Real Estate
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #23016599
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.