142 Tobin Ridge RdAlbanyKY42602
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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 Albany at 142 Tobin Ridge Rd, Albany, KY, 42602 at $169,900 posts ROI 25.31% with $254/mo cash flow from $1,288/mo rent. Total monthly income equals $1,288/mo, and annual cash flow records $3,042/yr on $56,322 to close. Return on cash invested measures 25.31% and rental yield reads 9.1% at the current $169,900. Equity gained on principal adds $1,096/yr, and 5% annual appreciation supports $46,940 by year five. Five-year ROI prints 131.72% and total cumulative return in cash totals $74,186.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,288/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2022
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42602, Albany, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,682 (100%) |
| Owner Occupied HU | 2,700 (57.7%) |
| Renter Occupied HU | 1,075 (23.0%) |
| Vacant Housing Units | 907 (19.4%) |
| Median Home Value | $115,265 |
| Average Home Value | $150,402 |
Housing Distribution
Address Breakdown
Residential
4,364
Single Family
4,364
Multi-Family
0
Businesses
425
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Listed by: Sherri Mciver • Mciver Realty Group
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25001008
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.