705 Richmond Rd #1LancasterKY40444
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 705 Richmond Rd #1, Lancaster, KY, 40444 in Lancaster speaks for itself: 10.28% gross on a $227,000 price, generating $1,945/mo in rent and $564/mo in net income after the $1,021/mo debt service. DSCR 1.90, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,764 stacks alongside $62,716 in projected five-year appreciation and $2,091/yr in principal reduction. Projected total cumulative return: $122,241.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 6.1% |
| Monthly Cash Flow | $564 | $350 |
City averages based on Lancaster market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,945 |
| Total Monthly Debt Service | $1,291 |
| DSCR Ratio | 1.51x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1949
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40444, Lancaster, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,414 (100%) |
| Owner Occupied HU | 4,571 (71.3%) |
| Renter Occupied HU | 1,300 (20.3%) |
| Vacant Housing Units | 543 ( 8.5%) |
| Median Home Value | $251,449 |
| Average Home Value | $272,741 |
Housing Distribution
Address Breakdown
Residential
6,003
Single Family
5,996
Multi-Family
7
Businesses
321
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1949
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40444, Lancaster, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,414 (100%) |
| Owner Occupied HU | 4,571 (71.3%) |
| Renter Occupied HU | 1,300 (20.3%) |
| Vacant Housing Units | 543 ( 8.5%) |
| Median Home Value | $251,449 |
| Average Home Value | $272,741 |
Housing Distribution
Address Breakdown
Residential
6,003
Single Family
5,996
Multi-Family
7
Businesses
321
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices