ZIP CODE 40475 // RICHMOND-BEREA, KY // DATA AS OF 2026-09-30
Richmond, KY (40475) Rental Property Cap Rate & Cash Flow Report
Located in Madison County (Richmond, KY), Zip Code 40475 ranks #347 of 500 within this selected sample (31th percentile) with a Zillow ZHVI typical home-value index of $299,010 (+1.2% YoY) and a ZORI observed market rent of $1,109/mo (+1.8% YoY). Requires at least 65.4% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$859/mo
Annual: -$10,304/yr
Modeled Cap Rate
2.62%
NOI: $7,840/yr
Cash-on-Cash Return
-14.98%
Cash Needed: $68,772
1% Rule Ratio
0.37%
Gross Yield: 4.45%
Break-Even Rent
$2,096/mo
State Tax: 0.75%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 40475 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (KY Avg 0.75%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,512/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$456/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (40475)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $240,244 | $857/mo | 4.28% |
| 2022 | $264,739 | $920/mo | 4.17% |
| 2023 | $269,343 | $1,004/mo | 4.47% |
| 2024 | $280,070 | $1,057/mo | 4.53% |
| 2025 | $295,527 | $1,089/mo | 4.42% |
| 2026 | $299,010 | $1,109/mo | 4.45% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 42101 Bowling Green, KY | $234,091 | $1,135/mo | 3.81% | -$440/mo |
| 78641 Leander, TX | $425,323 | $1,872/mo | 2.62% | -$1,220/mo |
| 78660 Pflugerville, TX | $364,282 | $1,600/mo | 2.62% | -$1,048/mo |
| 11235 New York, NY | $602,529 | $2,614/mo | 2.63% | -$1,727/mo |
| 92882 Corona, CA | $769,503 | $2,833/mo | 2.63% | -$2,202/mo |
| 90037 Los Angeles, CA | $660,076 | $2,434/mo | 2.64% | -$1,886/mo |