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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% |
Rental property for sale in Dry Ridge at 1920 Lemon Northcutt Rd, Dry Ridge, KY, 41035 priced at $180,000 pairs $1,574/mo rent with $479/mo cash flow after a $881/mo payment. Total monthly income equals $1,574/mo, and annual cash flow comes to $5,742/yr on $59,670 invested. Return on cash invested is 29.53% in year one, and rental yield stands at 10.49% on a $180,000 basis. Equity gained on principal adds $1,162/yr, and 5% annual appreciation accumulates to $49,731 by year five. Five-year ROI measures 154.34% and total cumulative return in cash reaches $92,093. For financing, Ziffy Mortgage’s DSCR program evaluates $1,574/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1999
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 41035, Dry Ridge, KY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,601 (100%) |
| Owner Occupied HU | 3,173 (69.0%) |
| Renter Occupied HU | 1,026 (22.3%) |
| Vacant Housing Units | 402 ( 8.7%) |
| Median Home Value | $226,293 |
| Average Home Value | $247,191 |
Residential
4,396
Single Family
4,396
Multi-Family
0
Businesses
248
Date | Event | Price |
|---|---|---|
| 2025-05-02 | Sold | $180,000 |
| 2025-03-17 | Pending sale | $185,000 |
| 2025-03-04 | Listed for sale | $185,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2021-10-18 | $754.62 | -15.73% | $66,500 | -16.88% |
| 2020-10-18 | $895.49 | -1.75% | $80,000 | N/A |
| 2019-10-18 | $911.42 | 37.45% | $80,000 | 40.35% |
Listed by: John Ashcraft • Ashcraft Real Estate Services
Mls Name: NKMLS
Mls Provider:
Mls ID: #626707
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 2025 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.
