101 Ridge RdVersaillesKY40383
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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 Versailles at 101 Ridge Rd, Versailles, KY, 40383 priced at $315,000 converts $2,903/mo rent into $983/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,903/mo, and annual cash flow totals $11,797/yr on $104,423 invested. Return on cash invested prints 31.21% in year one, and rental yield reads 11.06% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 163.35% and total cumulative return in cash sums $170,573. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,903/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 1993
10,715 sqft lot
$N/A/sqft
$30 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40383, Versailles, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,936 (100%) |
| Owner Occupied HU | 7,598 (69.5%) |
| Renter Occupied HU | 2,743 (25.1%) |
| Vacant Housing Units | 595 ( 5.4%) |
| Median Home Value | $311,634 |
| Average Home Value | $360,275 |
Housing Distribution
Address Breakdown
Residential
10,364
Single Family
10,233
Multi-Family
131
Businesses
769
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Listed by: Brad Lawson • Show Place Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #24016539
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.