109 Ridgeway AveSaint MatthewsKY40207
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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 Saint Matthews at 109 Ridgeway Ave, Saint Matthews, KY, 40207 earns $231/mo cash flow from $2,443/mo rent with a $1,779/mo payment. Total monthly income totals $2,443/mo, and annual cash flow totals $2,770/yr on $120,500 capital. ROI tracks 22.21% on current figures, and rental yield reads 8.06% at a $363,500 purchase. Equity gained on principal adds $2,346/yr, and 5% annual appreciation supports $100,428 over five years. Five-year ROI reaches 115.03% and total cumulative return in cash sums $138,616. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,443/mo property income instead of your personal income.
Single Family
Built in 1941
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40207, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,099 (100%) |
| Owner Occupied HU | 9,726 (64.4%) |
| Renter Occupied HU | 3,985 (26.4%) |
| Vacant Housing Units | 1,388 ( 9.2%) |
| Median Home Value | $428,509 |
| Average Home Value | $495,697 |
Housing Distribution
Address Breakdown
Residential
14,852
Single Family
11,585
Multi-Family
3,267
Businesses
1,702
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Listed by: N/A • N/A
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