2335 Ridge Rd, Pendleton, KY, 40055 | $196/mo Cash Flow

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2335 Ridge Rd, Pendleton, KY, 40055 | $196/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Pendleton at 2335 Ridge Rd, Pendleton, KY, 40055 earns $196/mo cash flow from $1,412/mo rent with a $978/mo payment. Total monthly income totals $1,412/mo, and annual cash flow totals $2,349/yr on $66,267 capital. ROI tracks 23.45% on current figures, and rental yield reads 8.48% at a $199,900 purchase. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 over five years. Five-year ROI reaches 121.73% and total cumulative return in cash sums $80,665. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,412/mo property income instead of your personal income.

Manufactured

Built in N/A

5.01 Acres lot

$N/A/sqft

No HOA

More details about the property

Exceptional opportunity to reside in Oldham Co on specious acreage. This 50-year-old residence requires a bit of TLC to restore it to its former glory. The home is move in ready. Although the age of the HVAC system is unknown, it functions properly. The roof's age is unknown but does not leak. The foundation requires some leveling. If you are looking for a beautiful place to build your dream home at a fantastic price for 5.01 acres look no further! The property is listed to settle the estate and the Sellers are motivated.

Neighborhood Data

Neighborhood data shown for ZIP Code: 40055, Pendleton, KY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	848 (100%)
Owner Occupied HU	711 (83.8%)
Renter Occupied HU	98 (11.6%)
Vacant Housing Units	39 ( 4.6%)
Median Home Value	$241,987
Average Home Value	$301,269