1016 Cedar Ridge LnVersaillesKY40383
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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 Versailles at 1016 Cedar Ridge Ln, Versailles, KY, 40383 uses $193,123 cash to close to unlock $22,788/yr annual cash flow and $1,899/mo monthly cash flow. Total monthly income runs $5,484/mo, and a $2,873/mo payment keeps the spread at $1,899/mo. Purchase price stands at $587,000, and rental yield measures 11.21% with $5,484/mo rent. Return on cash invested shows 31.86% in year one, and 5% annual appreciation builds toward $162,177 over five years. Five-year ROI reaches 166.78% and total cumulative return in cash records $322,090. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,484/mo property income covering a $2,873/mo payment rather than investor’s personal income.
Single Family
Built in 2004
0.38 Acres lot
$N/A/sqft
$150 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: Emidio Figueroa • Rector Hayden Realtors
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25013878
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.