1957 Slate Ridge RdLilyKY40740
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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 Lily at 1957 Slate Ridge Rd, Lily, KY, 40740 earns from $1,880/mo rent with a $1,615/mo payment. Total monthly income totals $1,880/mo. ROI tracks 18.5% on current figures, and rental yield reads 6.84% at a $329,900 purchase. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,145 over five years. Five-year ROI reaches 95.16% and total cumulative return in cash sums $104,067. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,880/mo property income instead of your personal income.
Single Family
Built in 2006
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40740, Lily, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,332 (100%) |
| Owner Occupied HU | 851 (63.9%) |
| Renter Occupied HU | 346 (26.0%) |
| Vacant Housing Units | 135 (10.1%) |
| Median Home Value | $137,618 |
| Average Home Value | $167,900 |
Housing Distribution
Address Breakdown
Residential
1,183
Single Family
1,183
Multi-Family
0
Businesses
27
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Listed by: Mary Sizemore-Wagers • Watkins Realty & Associates
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25008396
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