245 Ridgewood AvePaducahKY42001
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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 Paducah at 245 Ridgewood Ave, Paducah, KY, 42001 offers a 10.62% rental yield on a $275,000 purchase with $2,434/mo rent. Total monthly income registers $2,434/mo, and a $1,346/mo payment leaves $760/mo available for distribution. Annual cash flow reaches $9,123/yr on $91,163 to close, and return on cash invested stands at 29.92% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 156.41% and total cumulative return in cash at $142,583. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,434/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42001, Paducah, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,887 (100%) |
| Owner Occupied HU | 8,398 (56.4%) |
| Renter Occupied HU | 5,051 (33.9%) |
| Vacant Housing Units | 1,438 ( 9.7%) |
| Median Home Value | $255,635 |
| Average Home Value | $331,444 |
Housing Distribution
Address Breakdown
Residential
14,301
Single Family
13,583
Multi-Family
718
Businesses
1,374
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Listed by: Tiffany Dawn Ferrell • eXp Realty, LLC
Mls Name: WKRMLS
Mls ID: #131392
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.