605 McKala LnRichmondKY40475
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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
Rental property for sale in Richmond at 605 McKala Ln, Richmond, KY, 40475 priced at $286,000 converts $2,274/mo rent into $517/mo cash flow after a $1,400/mo obligation. Total monthly income equals $2,274/mo, and annual cash flow totals $6,198/yr on $94,809 invested. Return on cash invested prints 26.45% in year one, and rental yield reads 9.54% against a $286,000 entry. Equity gained on principal adds $1,846/yr, while 5% annual appreciation compiles into $79,017 by year five. Five-year ROI reaches 137.86% and total cumulative return in cash sums $130,700. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,274/mo property income covering a $1,400/mo payment, not borrower’s personal income.
Single Family
Built in 2020
8,712 sqft 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: Kevin Culp • Real Broker LLC
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25002187
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.