137 Ridge RdGrand RiversKY42045
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
Investment Highlights
Rental property for sale in Grand Rivers at 137 Ridge Rd, Grand Rivers, KY, 42045 offers $1,153/mo rent that, after a $611/mo payment, leaves $393/mo cash flow. Total monthly income is $1,153/mo, and annual cash flow is $4,718/yr on $41,404 cash. Return on cash invested measures 31.3% in year one, and rental yield stands at 11.08% at a $124,900 entry. Equity gained on principal adds $806/yr while 5% annual appreciation compounds into $34,508 by year five. Five-year ROI records 163.89% and total cumulative return in cash reaches $67,858. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,153/mo property income versus a $611/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42045, Grand Rivers, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,259 (100%) |
| Owner Occupied HU | 784 (62.3%) |
| Renter Occupied HU | 192 (15.3%) |
| Vacant Housing Units | 283 (22.5%) |
| Median Home Value | $122,965 |
| Average Home Value | $185,517 |
Housing Distribution
Address Breakdown
Residential
1,053
Single Family
1,053
Multi-Family
0
Businesses
98
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephen Grimes • GIA Real Estate
Mls Name: WKRMLS
Mls ID: #134930