620 Lockeland WayFranklinKY42134
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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 Franklin at 620 Lockeland Way, Franklin, KY, 42134 offers $1,920/mo rent that, after a $1,319/mo payment, leaves $280/mo cash flow. Total monthly income is $1,920/mo, and annual cash flow is $3,358/yr on $89,339 cash. Return on cash invested measures 23.67% in year one, and rental yield stands at 8.55% at a $269,500 entry. Equity gained on principal adds $1,739/yr while 5% annual appreciation compounds into $74,458 by year five. Five-year ROI records 122.86% and total cumulative return in cash reaches $109,764. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,920/mo property income versus a $1,319/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.25 Acres lot
$N/A/sqft
No HOA
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Listed by: Klay Kelley • Crye-Leike Executive Realty
Mls Name: RASK
Mls Provider:
Mls ID: #RA20251670
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.