661 Gillespie PikePaint LickKY40461
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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 Paint Lick at 661 Gillespie Pike, Paint Lick, KY, 40461 listed at $419,900 pairs $3,446/mo rent with a $2,055/mo payment to leave $891/mo cash flow. Total monthly income runs $3,446/mo, and annual cash flow reaches $10,687/yr on $139,197 cash to close. Return on cash invested measures 27.59% in year one, and rental yield registers 9.85% at a $419,900 basis. Equity gained on principal adds $2,710/yr, and annual property appreciation at 5% supports $116,011 by year five. Five-year ROI tracks 143.88% and total cumulative return in cash totals $200,280. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,446/mo property income relative to a $2,055/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
18.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40461, Paint Lick, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,079 (100%) |
| Owner Occupied HU | 804 (74.5%) |
| Renter Occupied HU | 206 (19.1%) |
| Vacant Housing Units | 69 ( 6.4%) |
| Median Home Value | $239,416 |
| Average Home Value | $253,165 |
Housing Distribution
Address Breakdown
Residential
1,090
Single Family
1,090
Multi-Family
0
Businesses
37
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Listed by: M Matthew Silcox • Weichert Realtors - Ford Brothers
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24019731
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.