1535 Ridge RdGilbertsvilleKY42044
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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 Gilbertsville at 1535 Ridge Rd, Gilbertsville, KY, 42044 uses $56,355 cash to close to unlock $2,405/yr annual cash flow and $200/mo monthly cash flow. Total monthly income runs $1,235/mo, and a $832/mo payment keeps the spread at $200/mo. Purchase price stands at $170,000, and rental yield measures 8.72% with $1,235/mo rent. Return on cash invested shows 24.18% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 125.63% and total cumulative return in cash records $70,797. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,235/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1954
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42044, Gilbertsville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,332 (100%) |
| Owner Occupied HU | 1,291 (55.4%) |
| Renter Occupied HU | 244 (10.5%) |
| Vacant Housing Units | 797 (34.2%) |
| Median Home Value | $279,534 |
| Average Home Value | $302,725 |
Housing Distribution
Address Breakdown
Residential
1,778
Single Family
1,778
Multi-Family
0
Businesses
48
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Listed by: Amber Derringer • EXIT REALTY KEY GROUP
Mls Name: WKRMLS
Mls ID: #135284