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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Florence at 15 Ridgeway Ave, Florence, KY, 41042 listed at $215,000 pairs $2,220/mo rent with a $1,052/mo payment to leave $912/mo cash flow. Total monthly income runs $2,220/mo, and annual cash flow reaches $10,941/yr on $71,273 cash to close. Return on cash invested measures 35.26% in year one, and rental yield registers 12.39% at a $215,000 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,401 by year five. Five-year ROI tracks 185.04% and total cumulative return in cash totals $131,881. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,220/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 41042, Florence, KY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,664 (100%) |
| Owner Occupied HU | 13,975 (59.1%) |
| Renter Occupied HU | 8,544 (36.1%) |
| Vacant Housing Units | 1,145 ( 4.8%) |
| Median Home Value | $243,210 |
| Average Home Value | $262,135 |
Residential
22,976
Single Family
16,237
Multi-Family
6,739
Businesses
2,027
Date | Event | Price |
|---|---|---|
| 2024-10-03 | Listed for sale | $215,000 |
| 2024-07-24 | Sold | $100,000 |
| 2024-07-05 | Pending sale | $99,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2020-10-15 | $1097.48 | N/A | $84,100 | N/A |
| 2019-10-15 | $1097.48 | 0.68% | $84,100 | N/A |
| 2018-10-15 | $1090.08 | 33.90% | $84,100 | N/A |
Listed by: Jennifer Day • RE/MAX Preferred Group
Mls Name: NKMLS
Mls Provider:
Mls ID: #627017
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of NKMLS. Real estate listings held by IDX Brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Listing information is deemed reliable, but not guaranteed. Copyright 2023 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.
