694 Higgins AveParisKY40361
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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 Paris at 694 Higgins Ave, Paris, KY, 40361 generates $1,169/mo in rent and, after a $881/mo payment, leaves $74/mo in cash flow. Total monthly income is $1,169/mo, and annual cash flow is $883/yr on $59,637 invested. Return on cash invested sits at 21.39% in year one, and rental yield is 7.8% on a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 110.67% and total cumulative return in cash sums $65,997. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,169/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
4,094 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40361, Paris, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,343 (100%) |
| Owner Occupied HU | 4,765 (57.1%) |
| Renter Occupied HU | 2,801 (33.6%) |
| Vacant Housing Units | 777 ( 9.3%) |
| Median Home Value | $227,816 |
| Average Home Value | $326,449 |
Housing Distribution
Address Breakdown
Residential
7,777
Single Family
7,740
Multi-Family
37
Businesses
510
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