608 N Main StNicholasvilleKY40356
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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 608 N Main St, Nicholasville, KY, 40356 listed at $155,000 pairs $1,165/mo rent with a $759/mo payment to leave $221/mo cash flow. Total monthly income runs $1,165/mo, and annual cash flow reaches $2,655/yr on $51,383 cash to close. Return on cash invested measures 25.08% in year one, and rental yield registers 9.02% at a $155,000 basis. Equity gained on principal adds $1,000/yr, and annual property appreciation at 5% supports $42,824 by year five. Five-year ROI tracks 130.51% and total cumulative return in cash totals $67,060. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,165/mo property income relative to a $759/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
N/A lot
$N/A/sqft
No 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: Turner McHolan • RE/MAX Elite Lexington
Mls Name: Imagine MLS
Mls ID: #25506022